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Updated almost 5 years ago on . Most recent reply
Investor friendly lenders in Indianapolis
Hey, my partner and I currently have our 1st property under contract in Indianapolis that will be purchased with cash in hopes that we can rate and term refinance under an LLC. Does anybody know of any lenders in Indianapolis that do delayed financing of this sort? It seems the big banks don't want to mess with LLC owned properties and we really want to get the better terms of traditional financing. Is a deed transfer after refinancing the only option? Any help greatly appreciated!
Ryan
Most Popular Reply
@jaron walling, yes I get it, we have 1 property separately that is under our name and will stay that way. I wouldn't even be having this conversation had a good friend not taken notice and showed interest. He has a lot more to protect than I and yes, an agreement is being written up. There are obviously pros and cons, but the ability to grow much more quickly than we originally anticipated, in my opinion, outweigh the cons of taking on a partner early. I appreciate the feedback.