Mortgage Under Name and Bill Paying Under LLC
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