LLC and S-Corp or no.....?
Hi Everyone,
This is my first post and I'm very happy to have found this community! I'm a wannabe investor... just gathering info at this point but I'm determined to make this happen.
Anyway, my question is, I read somewhere that if you have an LLC or S-Corp set up for tax purposes then you don't qualify for a certain loans such as FHA... is this correct?
I had planned on setting up an LLC and then being taxed as an S-Corp but I'm wondering if that will make financing more difficult for me especially just starting out. Any thoughts are very much appreciated!
Jim