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Updated about 1 year ago on . Most recent reply

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460
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276
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Steve DellaPelle
  • Rental Property Investor
  • Salem, NH
276
Votes |
460
Posts

Out of State LLC Question

Steve DellaPelle
  • Rental Property Investor
  • Salem, NH
Posted

What are common loan options when looking to purchase an out-of-state rental property under an LLC? This will likely be a long term buy & hold, either SFH or a 2-4 unit building.

Is a 30 year-fixed loan with 20% down possible?

Or is an LLC limited to different, more strict options?

Cheers!

Most Popular Reply

User Stats

689
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282
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Brandon Croucier
  • Lender
  • Nashville, TN
282
Votes |
689
Posts
Brandon Croucier
  • Lender
  • Nashville, TN
Replied

A DSCR loan is going to be your best bet.

Rule of thumb, 80% LTV with a decent fico score all day long.

You can close in an LLC.

Hope that helped!

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