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Updated about 13 years ago,
Christopher MoralesPoster
- Real Estate Investor
- Lehigh Valley, Charleston, Miami. , PA
- 0
- Votes |
- 35
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Obtaining loans as a business owner question/strategy advice.
Happy New Years!
I am a business owner and have faced some problems with obtaining some RE loans due to too many write offs and "not enough verifiable income" i have almost all my debt paid off aside from my properties and have a good credit score.
I was wondering if i had my LLC taxed as an S-corp and listed myself as an employee and collected pay checks, i am assuming it would be easier to obtain the loans as an "employee" as opposed to a business owner?
Down money is not really my concern or an issue, just trying to strategically get approved.
Feel free to give me any feedback, tips or constructive criticism as i am trying to develop this further.
Thanks everyone, have a kick *** 2012!