Updated about 1 year ago on . Most recent reply

Out of State LLC Question
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

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!
- Brandon Croucier
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