Hey I am currently house hacking a home I own with my brother. I have about 50k aside and a 800 credit score but only made 30k on paper for the year. I'm worried I won't qualify for a mortgage because of my income. Should i look to start a LLC to buy my 2nd property ? Looking for some advice. Thank you!
Investor · Shelton, WA · Member since 2017 · 6k+ posts · 6k+ votes
3y
@Michael Chwalek welcome to BP. It will be harder to get approval as an LLC because it has no credit history whereas you have great history. Talk to several local lenders. Or look up top left, see the tab build your team there are lenders there. All the best!