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Updated over 2 years ago on . Most recent reply

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Trinh Ngo
  • TX (texas)
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Mortgage referrals for LLC on RE investment in TX

Trinh Ngo
  • TX (texas)
Posted

Hi all,

I recently established a new LLC in Texas that would primarily invest in properties tailored for Airbnb and getaways.

This is a new LLC that doesn't have any property in the portfolio. The plan is to buy and add 1-2 properties to this LLC's portfolio each year.

Can anyone share the typical requirements to obtain mortgage for LLC? What's a reasonable rate at this point?

Thank you!

Most Popular Reply

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Taylor Dasch
  • Real Estate Agent
  • Temple, TX
628
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Taylor Dasch
  • Real Estate Agent
  • Temple, TX
Replied

Hey Trinh, what part of Texas are you in? I looked into this a while back and it wasnt really feasible for me. I believe some banks will do a DSCR loan for LLCs which would probably be ideal for your situation. Good luck!!

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