What kinds of mortgage do I have to use?

What kinds of mortgage do I have to use?

Investor · McLean · Member since 2020 · 23 posts · 13 votes

Hello,

Hope you stay warm!

I just have a quick question about the loan.

Me and my friend established LLC together and our next step is to get the pre-approval (no property under our belt currently).

Our first goal is to buy duplex.

In this case, can you guys share what kinds of mortgage do we have to use? 

(commercial loan? conventional loan? joint mortgage?)

we are looking for some creative ways!

Thanks !

Wish all my best to all of your REI journey.

0Reply
20 views

1 Reply

Jump to latestLatest
  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    4y

    If you buy in an llc, you can’t qualify for a conventional loan...it’ll be a commercial loan.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.