Updated about 7 years ago on . Most recent reply
LLC Creative Financing
It seems like there are countless ways to find financing for a personal home loan, especially for first time home buyers. What kind of opportunities are there to invest in real estate through an LLC with low money down? If you have done this, please share your experience!
Is it possible to do your first deal through your LLC? Is it likely that you would have to personally guarantee the loan due to your company not having credit history?
Thanks!
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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- Fort Worth, TX
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Account Closed roger that. If your timeframe to buy your first home is within the next 2 years then the thing I would say is just focus on paying everything on time as normal. Put small savings goals together and as you hit them slowly continue to increase them. If you can save 3% of a downpayment that would open up some good loans. If you can save 5% then that would open the best loans for you when the time comes. Feel free to ask anything additional. Thanks!