Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Bank loan:25% down using a new LLC with a personal guarantee?
I am returning as a real estate investor who sold my investment property held as individual 20 years ago. So this is like starting over for me again under different circumstances. Since I now have significant outside assets to protect I would like to invest using a newly created LLC. I own my primary residence, have other stock investments and no debt. My wife and I also have w2 income that offers several times the payment coverage for the loan I am seeking.
If I open a Nevada LLC, register it to do business if Florida, will I be able to get a conventional loan for an income property with 25% down if I am willing to provide a personal loan guarantee (credit rating 800+) ? If not, do you have any suggestions?
Edward