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Can I get a Loan for my Rental Property if its in a Trust or LLC? (via Easy Street)
via @Savannah Holzer
🙌 Yes – depending on what type of loan you use.
Conventional or most bank or other traditional option?
No, or usually No.
But if you are using a #DSCRLoan – the special type of loan built for real estate investors – then the answer is usually a resounding Yes – especially with Easy Street Capital – America's leading DSCR Lender.
In fact, we do #DSCRLoans for ALL of these types of entities you put your property in:
✅ LLCs – or Limited Liability Companies
✅ Partnerships
✅ Corporations
✅ Joint Tenants
✅ Tenants in Common
✅ Trusts – Inter Vivos Revocable Trusts are OK, Blind Trusts – maybe, we look at it case by case – non-revocable, unfortunately, no.
This sort of flexibility is why investors love DCSR Loans to finance their rental portfolios, and why so many people come to us to finance their next rental property!
✅5-Minute WebApp for a DSCR Loan!
➡️https://bit.ly/4capFy2
✅FULL ARTICLE: What Are Turnkey Rental Properties? (And How to Finance Them!)
➡️https://bit.ly/3UATPEG
✅DSCR Loans Guide 2024 with DSCR Calculator Tool!
➡️https://bit.ly/3TWZUvs
✅12-Part DSCR Loan Series published on here on BiggerPockets!
➡️https://bit.ly/3IUUIBZ