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Updated over 9 years ago on . Most recent reply

Loan
Hello there,
Can someone give me an insight in how to start up purchasing your first investment property? I'm in the middle of getting loan through this company that offers (guarantee) that I can get $80-$100K (0% for the 1st year). I'm planning to use that as down payment.
If I do 20% down, the next step is to get a loan from lender for the remaining 80% --- now, the question is: the lender will check my 'personal FICO score' for this correct? I recently created LLC as well so that I don't have to use my personal name. I'm a little confuse in how to move forward with using just LLC without have to touch my personal finance -- do I do this step by step? Use personal info first until my LLC credit being build?
Any suggestions for newbie? I was thinking to do flip for the first few deals so I can get enough capital to do rent + hold? =)
Any input is greatly appreciated!
Cheers!
Most Popular Reply

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