All Forum Posts by: Michael Nguyen

@Michael Nguyen welcome to the forums! If you and your partner are in it for a long term buy and hold option I would recommend purchasing homes in your personal name then quitclaiming to an LLC. This way you're able to utilize conventional loans, each of you are allowed 10 of those. You can certainly buy the property in the name of the LLC but you'll have to use a DSCR product which will have an interest rate that's 1% higher than conventional.

@Michael Nguyen Starting with an LLC is a great move for asset protection and partnership clarity, but it can make securing loans a bit trickier, especially when you're just starting out. Most lenders will look at your personal credit and income even with an LLC structure, so expect to personally guarantee loans in the beginning. Conventional loans might still be an option, but DSCR loans or portfolio lenders could be a better fit for LLCs. Just be prepared for higher rates and possibly stricter terms. It's a good idea to connect with investor-friendly lenders early to explore your best options.