LLC’s in real estate
Before I went ahead of spend money on creating an LLC wanted to know if Q1. Am I able to buy my first investment property with my LLC? Q2. Will the banks loan me the money needed to get an investment property or will i potentially have to add personal funds to purchase?
Most Popular Reply
Hello Isaiah,
I hope you're doing well and having a great week so far.
1) Yes, it is possible to purchase property directly inside of an LLC.
2) Some banks may loan money to you and/or your LLC. However, they may also charge higher interest rates as a commercial loan. You can of course use your own money to fund the LLC as a contribution and then have the LLC purchase property directly without financing.
Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.