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Forums » Starting Out » forming a LLC?

forming a LLC? Subscribe to forming a LLC?

5 posts by 3 users

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Derek Coleman

Real Estate Investor


Forum_avatar_avatar-colemade

Icon_minipost Oct 14 '06, 08:51 AM

im new to the real estate game
my question is, if an investor forms a LLC how do they go about building credit rating for the LLC or is the credit of the owner or owners is taking into consideration?

thanks

Edited: 06/26/2010 at 03:09AM


Derek Coleman

Real Estate Investor


Forum_avatar_avatar-colemade

Icon_minipost Oct 15 '06, 02:45 AM

Originally posted by "colemade"
im new to the real estate game
my question is, if an investor forms a LLC how do they go about building credit rating for the LLC or is the credit of the owner or owners is taking into consideration?

thanks

anyone

Edited: 06/26/2010 at 03:09AM


Ryan Webber

Wholesaler · Amarillo, Texas


Forum_avatar_avatar-ryan_webber

Icon_minipost Oct 15 '06, 10:47 AM

Banks will normally heavily factor in your own personal credit history, and also make you be a personal guarantor for any loan. They will also look at your company's financials to determine its credit worthiness and financial outlook.

Edited: 06/26/2010 at 03:09AM


Derek Coleman

Real Estate Investor


Forum_avatar_avatar-colemade

Icon_minipost Oct 15 '06, 05:08 PM

Originally posted by "Ryan Webber"
Banks will normally heavily factor in your own personal credit history, and also make you be a personal guarantor for any loan. They will also look at your company's financials to determine its credit worthiness and financial outlook.

i guess banks would look at my financials since the LLC would be a start up

Edited: 06/26/2010 at 03:09AM


Wes Tuinstra


Forum_avatar_avatar-wesley

Icon_minipost Oct 15 '06, 05:28 PM

They would look at your financials when you're just
starting out.

But after awhile, when your LLC owns numerous
properties and has income and profits, they will start
looking to the LLC's statements to make decisions.

Edited: 06/26/2010 at 03:09AM


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