Updated about 3 years ago on . Most recent reply
Getting an Investment mortgage
Me and my three partners have created an LLC and are almost ready to start buying properties. The last step that seems to be giving us a hard time is finding the right place to get a mortgage for investment properties. Any information that could lead us in the right direction would be greatly appreciated.
Most Popular Reply
@Paul Conboy would happy to help, feel free to reach out
Few notes on LLCs, make sure that you have
- Articles of Incorporation.
- Operating Agreement with Ownership Breakdown or Addendum
- Purpose of the LLC is for the ownership and management of real estate
Some programs have limits to 4 members; All members are typically guarantors; LLC can be existing or newly formed as long as the requirements for the purpose of LLC are satisfied.