Updated about 7 years ago on . Most recent reply
Investment Property Loan
Hello all, I was looking for some feedback on loans for investment properties. I am currently purchasing my first buy and hold investment property. The property will be in NC I am in UT. The properties in the area I am looking are very low cost 70k-100k. My lender here in Utah does not do investment property loans under 100k. I have done a small bit of research on Better Mortgage type of options. Is anyone familiar with these, and what is your feedback? The other piece of the equation is my Brother and me will be starting an LLC for these properties. My accountant said its best to hold the properties in an LLC but to qualify it needs to be me or my brother... Or both, any input on this would also be appreciated. Thanks everyone!!