Financing options for purchasing property in the name of LLC
I understand that this is difficult but not impossible. Any suggestions?
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I had great success with local banks. I'm in NJ and made it a goal to call every local bank that's headquartered here in NJ and see what types of products they can offer to me as a real estate investor. One of the banks offers a "business entity loan" product for LLCs that buy 1 to 4 family investment properties. 20% down, 30 year fixed conventional mortgage at 5.25%, with a personal guaranty by me and my husband who are the only members of the LLC.