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Updated over 8 years ago on . Most recent reply

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Mark S.
  • Rental Property Investor
  • Kentucky
528
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1,309
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Lending to LLC for Turnkey Rental Purchase

Mark S.
  • Rental Property Investor
  • Kentucky
Posted

I created an LLC to do local small scale syndication deals in my area, which I still plan to do. I am also strongly considering getting involved with out-of-state turnkey rental real estate and would also like for those properties to be in the same LLC.

My question is whether or not a lender would likely allow the LLC to own the property from the start (to avoid having to transfer it later) and just have me sign a personal guarantee of some kind. I know there are lenders that lend directly to LLCs, but the terms don't seem nearly as favorable.

I guess the only way to find out for sure is to ask the lender directly, but I figured I'd tried to get some feedback here first, since I'm sure others have come across the same situation.  

  • Mark S.
  • Most Popular Reply

    User Stats

    1,309
    Posts
    528
    Votes
    Mark S.
    • Rental Property Investor
    • Kentucky
    528
    Votes |
    1,309
    Posts
    Mark S.
    • Rental Property Investor
    • Kentucky
    Replied

    Well, considering I'm just getting started and there's really nothing to go after yet, does that change your mind @Mark Fedorov?  

    @Darren Eady, I like the idea of setting a limit. I'd rather have my first few deals in one LLC before I go crazy setting up multiple LLCs.

  • Mark S.
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