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Updated over 5 years ago, 06/14/2019

User Stats

8
Posts
1
Votes
Louis Walthall
1
Votes |
8
Posts

Forming an LLC and trouble with lending

Louis Walthall
Posted

So here is the scenario. We own 4 properties. The one we live in. I own 2 rental SF homes and my girlfriend owns 1 SF home that we rent. We are looking to form an LLC for any future rental properties. Together we make around $200,000/year and live in Greensboro NC. Wondering if we would have trouble getting financing for the LLC on future deals. The properties we own all have equity. About 30K in the one we live in, 25K in one, 15K in one, 50K in another. All generate positive cash flow and have very little trouble renting.

Any help is appreciated.

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