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Updated 6 months ago on . Most recent reply

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Taegyun Lim
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DTI of newly established LLC for Loan

Taegyun Lim
Posted

I consider the business form of LLC vs Self-Employed to do rental business.
For now, I am leaning toward establishing an LLC to purchase and rent real estate.
In this case, the LLC won't have any income performance from the previous year (i.e., no DTI).
Can I still get a mortgage loan to purchase real estate under these circumstances?

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