LLC and S-Corp or no.....?

[Jim Burnard]

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