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Updated over 8 years ago on . Most recent reply

Frederic Favier's profile image
Frederic Favier's profile image
Frederic Favier
  • Investor
  • from Geneva, Switzerland
  • Member since Sep 5, 2016
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Frederic Favier's profile image
Frederic Favier's profile image
Frederic Favier
  • Investor
  • from Geneva, Switzerland
  • Member since Sep 5, 2016
Connect
Frederic Favier
  • Investor
  • Geneva, Switzerland
4
Votes |
6
Posts
Tax, SDIRAs & Cost Segregation

Form an LLC to get approved a bank loan?

Frederic Favier
  • Investor
  • Geneva, Switzerland
Posted

Hi, 

I would like to start REI in Florida but have been told by 2 banks already that as a foreign investor it would be best to open an LLC and get the loan under the LLC instead of a personal loan. They don't seem 100% sure of this but say that it would be easier as I would have a federal Tax ID with an LLC. I was wondering if anyone had any info on the matter or if I needed to talk directly with a real estate attorney and if so if anyone could provide me with their contacts..? thanks.

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