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Chris Bardin
  • Woodstock, GA
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Mortgage Under Name and Bill Paying Under LLC

Chris Bardin
  • Woodstock, GA
Posted Oct 4 2012, 18:17

With no "business credit" it will be difficult to qualify for a loan through my LLC. I've read on BP several times that big banks will rarely approve and the best chance is with community banks.

I'm thinking about obtaining a mortgage on the first 2-3 properties under my name but all other transactions (any materials, payments, etc) will come out of LLC. Eventually (after 2-3 purchases) I will attempt to do all business through LLC.

Is this a sound way to do things starting out?

Thanks
Chris

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