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Updated over 5 years ago,

User Stats

25
Posts
7
Votes
James Nosack
  • Rental Property Investor
  • Seattle, WA
7
Votes |
25
Posts

Business loans to fund downpayments on properties

James Nosack
  • Rental Property Investor
  • Seattle, WA
Posted

My business partner and I have begun to seek out larger sums of capital to invest with. We have recently started looking at the possibility of (small) business loans to help fund our down-payments. We have been told this can technically work as long as the money is “seasoned” in our accounts. Is there a drawback to this?

A couple of the issues we have read about online is that a business loan will typically require operating experience of 1-3 years along with the ability to show a history of cashflow and means to cover payments.

Since we have only just started investing together, our LLC only owns one property and we have only a couple months of operating experience.

Are there alternative business loans that we may qualify for with less experience?

Am I able to bring my property that has cash-flowed for over a year now underneath our former LLC to help us with the operating experience and revenues we need to qualify?

Appreciate all feedback!

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