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John Nicholas
  • Mission Viejo, CA
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How to develop credit for a new LLC to start getting better financing

John Nicholas
  • Mission Viejo, CA
Posted Mar 23 2015, 21:40

Wondering if this strategy would help. I currently have cash to buy some properties but am try to figure out the best way to start to develop credit for a new LLC. First would a lender fund a new LLC if they put 70 to 80% down?

My thought is to purchase a few homes, putting down as much as I have to get get any type of loan for a news LLC, then pay down the small balance over time to build a credit history so I can eventually get a loan with 25% down or HLOC the paid homes to get in to additional properties?

Any thought or idea's if this is possible would be appreciated.

Thanks 

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