Challenges of creating an llc for buying rental properties

1 Reply

@Nazim Abdul Rahim Here is a quote from @Justin Sullivan

" So good and bad working with commercial lenders Good:

-easier to get financing

-quicker to get money

-more options

-able to tackle run down value add Projects with little out of pockets cost

-good for fix and flip or BRRR where you Sell or refi out

-doesn't need paystubs or DTI

-loans are Assest based with personal guarantor

Bad:

-expensive money

-higher rates

-still able to buy turn key but interest Rate is 5-7% I am an advocate for commercial Money."

I work wiith multiple lenders message me if you would like to connect.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you