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Updated almost 3 years ago on . Most recent reply

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Mark Culotta
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Which loan for a group of rookies?

Mark Culotta
Posted

Hi All, I am one of three individuals hoping to purchase our first rental (single family or duplex) in the coming months. We keep getting different answers on which kind of loan we need and how to apply for it. We are all married, have great credit, and earn >$75k annually (not counting our wives). We plan on forming an llc but understand we cannot get a traditional loan to a brand new llc. Any advice would be appreciated. 

Thank you,

Mark

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