Updated almost 5 years ago on . Most recent reply
Options to write an offer & finance a MFR property
We are looking at a MFR that has great numbers but the question we have deals with the name on the offer contract and then the financing.
We have an LLC in another state but it is a new LLC with no business credit at this point. If we want to put in an offer, woudl the contact be in our names or that of the LLC? The problem I see is the financing portion since it looks like we are not able to find financing for a new LLC but will need to personally guarantee the loan. This is not an issue as we have the credit and assets to quality for a 75% loan but the question we have is there another option to consider to write the offer and finance the property?
Thanks