using a llc or s corp to fund the down payment.
what are the chances of using a multiple partner llc that buys a piece of property to fund the down payment instead of a private loan that the lender won't count as down payment.
here's what I am thinking.
the LLC would own the single property and could be structured so that the private loan was a buy in percentage of the llc but once purchased switch over to a buyout procedure where by the investor gets bought out over a set period of time.
what are the odds this gets through underwriting.
I have a private unsecured loan for 15% but need to fund the other 15% which the seller is willing to do at 0% but I know it will get kicked back by the lender as not counting towards the 30% down required.