Updated about 5 years ago on . Most recent reply
Finding a lender who lends to LLC's
My wife and I are considering buying our first investment property along with a friend of ours. We were advised that we should form an LLC first and I've read here on Bigger Pockets many times that investors should form LLC's to protect themselves. I've also heard this from investors I know. I've called about 12 different lenders including banks, credit unions and a mortgage broker, but everyone says they do not lend to LLCs. Is this anyone else's experience? Where do you guys find lenders who will lend to an LLC?