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Updated about 9 years ago on . Most recent reply

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LLC and getting a loan

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I am thinking of getting into rentals, and would like to form an LLC to purchase my properties.

QUESTION: Can a newly formed LLC even get a loan from a lender to purchase a property, given that it has no credit history? Is there anything I should know regarding this?

I could buy properties on my own, but this of course presents me at risk and I prefer to have the limited liability protection. Thanks for your thoughts.

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Greg E
  • Sacramento, CA
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Greg E
  • Sacramento, CA
Replied

........ and the correct term is "quit claim".

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