Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago,

User Stats

4
Posts
1
Votes
Sunayna Bashar
1
Votes |
4
Posts

need insights on financing solution when investing through LLC

Sunayna Bashar
Posted

Me and my other 3 partners are looking to purchase our first property through an LLC. we have the downpayment available so that's not an issue. I spoke with few lenders and all of them said it won't be much different than purchasing your primary home. However they would issue the loan only to individuals and it sounded like it is very unlikely to get the loan under LLC's name because that will have some pretty complicated terms that nobody would want to accept. they told me that we can get the loan personally and we can transfer it to the LLC afterwards.

now we patterns live in different states. how easy or hard it would be to transfer the property to the LLC later on? what kind of issues i should be aware of ahead of time and not find out later which could coast us a lot of trouble. looking for guidance from experienced folks.

Loading replies...