Purchase a vacation home in an LLC
Hey BP. As the title suggest, I'm looking to purchase a vacation home in a partnership LLC. My friend and I reached out to a lawyer that suggested it is doable, however, so far we have only found lenders that require us to purchase the property in one of our names. We would rather purchase it in an entity of some sort since we would be splitting everything.
Does anyone know of a lender that will lend to Partnership LLC for a vacation home? We are currently targeting the Smoky Mountains. We would also love to know how other people are purchasing vacation homes in a partnership. Thanks!