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Updated almost 7 years ago,

Chukwudi Motanya's profile image
Chukwudi Motanya's profile image
Chukwudi Motanya
  • Investor
  • from Lithonia, Georgia
  • Member since Jul 31, 2012
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231
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43
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Chukwudi Motanya's profile image
Chukwudi Motanya's profile image
Chukwudi Motanya
  • Investor
  • from Lithonia, Georgia
  • Member since Jul 31, 2012
Connect
Chukwudi Motanya
  • Investor
  • Lithonia, GA
43
Votes |
231
Posts
Creative Real Estate Financing

Possible to get conventional financing for a newly created LLC?

Chukwudi Motanya
  • Investor
  • Lithonia, GA
Posted

Hi All,

I'm in the process of purchasing a Single Family House with 2 other partners. The 2 other partners would be putting the majority of the capital down and I would be the general manager. If we created an LLC for the partnership, would it be possible to get financing for the LLC if we all placed a Personal Guarantee on the mortgage and we were considered strong borrowers?

Best,

Chudi

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