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Updated over 3 years ago on . Most recent reply

Moazzem Hussain's profile image
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Moazzem Hussain
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Moazzem Hussain's profile image
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Moazzem Hussain
  • Member since Jan 19, 2020
Moazzem Hussain
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Mortgage Brokers & Lenders

Loan for a property for an LLC

Moazzem Hussain
Posted

I'm looking to get a loan to buy a property with an LLC where the LLC owns the mortgage and house. I'm also looking to pay 10% down. Is this possible with a perosnal guarantee using my personal income (w2)? Are there mortgage brokers who can work with me on this?

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Matthew Crivelli
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  • Member since Mar 1, 2021

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Matthew Crivelli
  • Lender
  • from Massachusetts
  • Member since Mar 1, 2021
Matthew Crivelli
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  • Massachusetts
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Matthew Crivelli
  • Lender
  • Massachusetts
Replied

@Moazzem Hussain

@Cody Schmidt is correct. Unless you have recent flips or you own rentals around the subject property to show as prior experience (3) you will most likely have to bring ATLEAST 15%- 20% down. 

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