Buying Roofstock as LLC

[Mehul Parekh]

Hi everyone:

I am prepping for my first deal with Roofstock, but I am curious to know if you can buy a property on the site as a LLC.

My understanding is that most lenders won't lend to LLCs - but I have heard that one can purchase the property under their name and have it financed as such. But, after closing on the property, doing a Warranty Deed Transfer allows you to move it to the LLC. Obviously, I am trying to avoid any problems with the mortgage company over it.

Does anyone have any experience with doing this?

Thank you.

Mehul