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Updated over 8 years ago on . Most recent reply

Lending to LLC for Turnkey Rental Purchase
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.
Most Popular Reply

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.