Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
Multiple llc for commercial loans
I'm Trying to understand the full potential for llc and commercial loans..
I've been working with a commercial banker with my partner and it's been easy to secure properties with just having 20% down. I came across a property and started a new llc with my sister and purchased another.
My thoughts are to start a new llc with my wife for our own personal properties that are under our name, which will free up personal debt.
I then want to start another llc with my bro in law and buy more through that llc.
Does anyone see drawbacks? It seems by starting new llc I'm able to leverage other people's incomes as well and purchase more. Any drawbacks?