Financing a property with a LLC

[Stefani Mokris]

Hello!

I would like to know if I want to finance a property using a new LLC, are DSCR loans my only choice for financing?

Thank you!

[John Morelli]

Quote from @Jay Thomas:

DSCR loans are a viable financing option for property purchases through a new LLC, particularly if you have less than ideal credit or a limited down payment. They rely on property cash flow instead of personal credit, which benefits new investors and those with few personal assets. However, they often come with higher interest rates and shorter terms. Alternatively, individuals with good credit and substantial down payments may secure traditional mortgages through an LLC, although some lenders may impose restrictions. Other choices include hard money loans, private lenders, and SBA loans, each with its pros and cons. Consulting a mortgage broker is the best way to find the right fit. Additionally, consider personal liability, taxation, and LLC structure when financing properties through a new LLC.

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