How to get multiple properties in individual/seperate LLCs
Probably a stupid question....but how does the financing work if you use Property A as collateral to buy property B? Can you buy property B through a new LLC if you have a personal guarantee on the loan? Lender said they can loan to LLCs...does that mean that the LLC that owns Property A has to get the loan for Property B? Any insight on how it "generally" works would be helpful! Thanks