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Updated over 5 years ago on . Most recent reply
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Business vs Personal Financing
Hello BP Community,
I'm a newbie here and have been reading a lot and listening to a bunch of podcasts. I would like to form a LLC or S Corp to start investing some of my capital. However, I remember reading somewhere that it is much more difficult to obtain financing through a business vs a personal loan for a property. Does anyone here have any experience with obtaining financing via an LLC or S Corp? I think I read that as a business, I won't qualify for the typical financing options (FHA, Conventional, etc). If that's the case, how do others do it? I personally have a good credit rating so I don't think it would be hard to get a loan for a few properties personally but I prefer to do it through my business. Any advice guidance would be greatly appreciated.
Thanks,
Robert