Asset Ownership within a LLC
Hi all,
My business partner and I are looking to purchase our first property but just have a few questions concerns about how to structure the purchase within the partnership. I have heard that it is difficult to get a loan under a LLC and just wanted to get some advice on how others have structured their partnerships in order to purchase properties. Should we try to find a lender that will loan to the partnership or should one person hold it on their person books, or is there another method that I am overlooking? If you have any other general advice for structuring the partnership that would be greatly appreciated as well.
Thank you very much!