LLC vs Individual loan

[Giancarlo Valverde Barriga]

Excited to invest in my first property! I understand that having a property under an LLC is wise. However, I cannot seem to get a business loan for it, given that it has no revenue since I don't have a property for it yet. I keep going in circles and wonder how to finally get a property under an LLC if I can only get loans for myself. I am probably missing something but I have been stumped for some time now.

Thank you

Note: if you have any sources/directions that could educate me on this, id gladly read them.

[Jason Wray]

@Giancarlo Valverde Barriga

You can actually close in an LLC now without having to use the business income. You can use DSCR or a true Portfolio Program that allows you to close in an LLC. DSCR is going to have a higher rate and a prepayment penalty versus portfolio that carries No prepay and a lower rate.