Financing First Multi-Family

[Benjamin Wakefield]

Hi! I understand there is loads of info on this topic, but am hoping for some advice that is specific to my situation. I recently started a new concrete construction business in February. I am an LLC with S-Corp tax status. The first year has been unbelievable, but my wheels are always turning and am ready to start buying multi-unit investments (2-4 doors) The only issue is that the banks (at least I don't think), will even consider loaning me $ until 2 years have passed. I am excited and ready to start now, and am curious what some experienced people would do in my situation! Any input is greatly appreciated!

[Kevin Siedlecki]

@Benjamin Wakefield. If you want to get started right away, you can buy a property as an individual with conventional financing. Then you can roll that into your LLC once a bank considers it to have enough history. Most investors I know started with conventional loans in their own names, and then moved on to commercial loans as they grew their portfolios.