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Updated over 5 years ago,
can you fiance on an LLC ?
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