LLC Investment Group & Lending

[Aaron Hunt]

Currently well into the process of getting an investor group up and running via an LLC.

Will soon be filing with the state, opening our needed accounts and then determine financing or not.

Initial though was to buy property with cash. Decided to look around and seeing if leveraging (financing) for multiple properties was an option.

Question is for an "unproven" new LLC (no track record) where the ask from the bank is for all individual investors (members) to submit their personal documentation - if a property is financed would it show up on everyone's credit report and affect their DTI?

Thanks

[Jaysen Medhurst]

@Aaron Hunt, the lender will probably require anyone with 20% or more ownership in the LLC to be listed as personal guarantors on the mortgage. That means that those members will have to submit documentation, etc. The mortgage will show up on their credit reports.