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Updated almost 3 years ago on . Most recent reply
How to get approved for a mortgage as an LLC with no income?
Here me out here. I am officially jumping in and purchasing a rental property but deciding to run as a Sole proprietor or LLC. The only issue is as an LLC, I must keep my personal finances separate from the business'. How would I go about getting approved for a mortgage with this? Currently I am confident in my own personal ability to qualify but would have nothing for the bank to underwrite. Would I need hard money here? Any help would be great!!!
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Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
The bank will be requiring a personal guarantee from you.