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Updated over 5 years ago on . Most recent reply

User Stats

31
Posts
7
Votes
Yoni Rios
  • Rental Property Investor
  • Downey CA, United States
7
Votes |
31
Posts

can you fiance on an LLC ?

Yoni Rios
  • Rental Property Investor
  • Downey CA, United States
Posted

Good morning all, 

Few months ago a closed on 2 4plex and recently a duplex but I got these done with conventional loan and the other hard money.

I was trying to buy under an Entity but the 3 guys I'm working with for lending side told me no one will loan to entities. 

So the 2 4plex I just granted deeds to new entities. 

I've heard you can purchase under LLCs, I've been told they have to be established with 2 years of taxes etc. But if just filed them 

it is impossible. I just would like to buy straight from the beginning with LLC.

has anyone encountered this problem and if so, how did you handle it ? 

If you were able to buy under an LLC how did you do it, just want to get around this as we will continue to buy but

if I can buy under LLC from begging even better, is what my CPA told me.

Oh and btw I'm in the Los Angeles, CA market 

hope to get some feedback from people who have done it or actual lenders 

thank you all

Yoni Rios 

Most Popular Reply

User Stats

83
Posts
43
Votes
Paul Higbie
  • Lender
  • Lenexa, KS
43
Votes |
83
Posts
Paul Higbie
  • Lender
  • Lenexa, KS
Replied

Yoni,

There are lenders that will lend to an LLC without any issues, even new ones.

Paul.

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