Updated almost 6 years ago on . Most recent reply
Llc and portfolio loan
I want to get a investment property using a credit union but I also want to have my New york LLC buy the property. I have the downpayment saved up, but I just graduated college and lost my job because of caronavirus.
If I just move the investable cash into the LLC over time and let it sit there for about 2 months or more, would I be able to get the mortgage from the credit union? I would also be using a Wyoming llc to own the NY llc, and the NY llc would own the property.
Any advice?