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Updated over 9 years ago on . Most recent reply
Is the goal to put investment property in your business entity?
So, I presented a deal that will allow me to purchase an invest property through seller financing with me putting up 5k cash. The seller will finance for 2 years with a ballon payment at the end or I will have to have refinanced by then. I buy and hold but have never had the opportunity to put property in my LLC. This deal will allow me to finally do that. Potential rent for property is 1k or more. Investment property(IP) price is 35k minor rehab of 5k or less. A renter can be in place in 30 -45 days.
I think it is a great deal and it establishes a relationship with the seller for future deals like this.
Or do I go the traditional route and get bank financing in my personal name.