Can I get a 30 year fixed on an investment property in my LLC?

Private Lending & Conventional Mortgage Advice
2yFollow

Can I get a 30 year fixed on an investment property in my LLC?

Alex Ng
Member since 2023 · 82 posts · 46 votes

I was looking to BRRRR properties, eventually financing them into my LLC. I was wondeirng if I can do DSCR loans for 30 years? I heard that LLCs cannot get 30 year fixed loans. If so, are there other ways to get 30 year fixed?

1Reply
115 views

Most Popular Reply

Matthew Kwan
Lender · Seattle, WA · Member since 2022 · 482 posts · 768 votes
2y

You definitely can Alex, you can even use conventional loan and entity can be under a LLC and acquire an investment property.

@@Albert Bui @Carlos Valencia

2Reply
See this reply in the discussion

16 Replies

Jump to latestLatest
  • Glen Wiley
    Investor · Richmond, VA · Member since 2023 · 459 posts · 474 votes
    2y

    Reach out to actual lenders and get the facts. They will give you answers quickly. It will take less time to communicate with lenders than you think.

    2Reply
  • AJ ExnerPro Member
    Lender · Springfield, MO · Member since 2023 · 663 posts · 320 votes
    2y
    Quote from @Alex Ng:

    I was looking to BRRRR properties, eventually financing them into my LLC. I was wondeirng if I can do DSCR loans for 30 years? I heard that LLCs cannot get 30 year fixed loans. If so, are there other ways to get 30 year fixed?


    Alex,

    Absolutely you can, I’m sorry if you spoke to someone who said you couldn’t. 

    Just sent a DM, would love to be able to help. 

    [email protected]417-427-2612
    1Reply
  • Derek BrickleyBusiness Member
    Lender · Ann Arbor, MI · Member since 2021 · 703 posts · 239 votes
    2y

    Hi Alex!

    When using a DSCR loan, the property is more often than not held in an LLC! Most DSCR lenders should be able to.

    [email protected]734-645-7722
    Gold Star Mortgage Financial Group548 Reviews
    WebsiteView Page
    1Reply
  • Timothy Hero
    Lender · United States · Member since 2020 · 1k+ posts · 499 votes
    2y

    DSCR loans are the wave :) 30-year fixed, not on credit, and yes, lend to an LLC.

    0Reply
  • Austin ClarenceBusiness Member
    Lender · Phoenix, AZ · Member since 2023 · 136 posts · 32 votes
    2y

    Its rare for DSCR loans to be anything other than 30 year fixed. If you would like a quote or more info please reach out.

    [email protected]650-906-2376
    Austin Clarence with NEXA Mortgage553 Reviews
    View Page
    0Reply
  • Erik EstradaBusiness Member
    Lender · Los Angeles, CA · Member since 2022 · 7k+ posts · 1k+ votes
    2y
    Quote from @Alex Ng:

    I was looking to BRRRR properties, eventually financing them into my LLC. I was wondeirng if I can do DSCR loans for 30 years? I heard that LLCs cannot get 30 year fixed loans. If so, are there other ways to get 30 year fixed?


     Hey Alex, 

    You may hold title under an LLC with a DSCR loan however you will need to run your personal credit to qualify.

    [email protected]818-269-7983
    LuxePrivate Investments LLC 571 Reviews
    WebsiteView Page
    0Reply
  • Matthew Kwan
    Lender · Seattle, WA · Member since 2022 · 482 posts · 768 votes
    2y

    You definitely can Alex, you can even use conventional loan and entity can be under a LLC and acquire an investment property.

    @@Albert Bui @Carlos Valencia

    2Reply
  • Jacob Sherman
    12 Penns Trail Suite 138 Newtown, PA 18940 · Member since 2023 · 1k+ posts · 319 votes
    2y

    For sure can do a DSCR loan in the llc no income and no doc . some lenders even go down to 50k for minimum loan amount

    0Reply
  • Andrew Zamboroski
    Lender · Member since 2021 · 500 posts · 131 votes
    2y
    Quote from @Alex Ng:

    I was looking to BRRRR properties, eventually financing them into my LLC. I was wondeirng if I can do DSCR loans for 30 years? I heard that LLCs cannot get 30 year fixed loans. If so, are there other ways to get 30 year fixed?

    As others have said, yes, you should be able to get a 30-year DSCR loan utilizing your entity. DSCR loans can also have flexible seasoning, meaning you can cashout refinance quicker based on the new appraised value. It can be super effective if you are doing the BRRRR strategy!
    0Reply
  • Simmy AhluwaliaPro Member
    Lender · Atlanta, GA · Member since 2015 · 1k+ posts · 200 votes
    2y

    All day long:)

    0Reply
  • Sophia Buesing
    Lender · Denver · Member since 2023 · 127 posts · 26 votes
    2y

    It is very easy to close in your LLC with a DSCR loan. Lenders will still look at your credit score for the loan.

    0Reply
  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    2y
    Quote from @Alex Ng:

    I was looking to BRRRR properties, eventually financing them into my LLC. I was wondeirng if I can do DSCR loans for 30 years? I heard that LLCs cannot get 30 year fixed loans. If so, are there other ways to get 30 year fixed?


    Yes - LLCs can get 30-year loans - as others have mentioned, DSCR Loans are probably your best option. Also adding to the resources is this 10-part guide on DSCR Loans published on BiggerPockets!:

    DSCR Loans: What Are They And How To Get The Best Terms

    https://www.biggerpockets.com/...

    DSCR Loans: How To Use Pro Strategies To Save More And Make More

    https://www.biggerpockets.com/...

    Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?

    https://www.biggerpockets.com/...

    12 Frequently Asked Questions (And Answers) About DSCR Loans

    https://www.biggerpockets.com/...

    8 More Commonly Asked Questions and Answers to DSCR Loans

    https://www.biggerpockets.com/blog/eight-questions-and-answe...

    What Documents Do You Need for a DSCR Loan?

    https://www.biggerpockets.com/blog/what-documents-do-you-nee...

    BRRRR Loans: What Are the Options, and How Do DSCR Loans Stack Up?

    https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

    Short-Term Rental Loans: What Are the Options and How Do DSCR Loans Stack Up?

    https://www.biggerpockets.com/blog/short-term-rental-loans-a...

    DSCR Loans: Terms to Know When Working With These Popular Rental Loan

    https://www.biggerpockets.com/blog/dscr-loans-terms-to-know

    What’s Next For DSCR Loans? Updates For 2024 and Beyond

    https://www.biggerpockets.com/blog/what-is-coming-in-2024-fo...

    [email protected]
    Harpoon Capital514 Reviews
    WebsiteView Page
    0Reply
  • Alex Hunt
    Lender · Member since 2022 · 441 posts · 134 votes
    2y

    Unsure where you heard this, as the main program is 30 year fixed for DCSR. 

    Happy to take a look with you

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free