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All Forum Posts by: Harry Steele

Harry Steele has started 2 posts and replied 2 times.

I have an LLC and plenty of cash for a downpayment but every bank i talk to says they do no lend to business for purchase of residential property. How do I get financing for my real estate llc? I read that having rental property is better inside an llc but how if you banks wont lend to llc.

Post: Build or buy 1st rental

Harry SteelePosted
  • Posts 2
  • Votes 0

I want to get to started in renting properties. I'm curious in if I should build a rental property or purchase one.

I inherited an acre wooded lot that a home could be built on. The requirements to build are a 1700 sqft min with an attached 2 car garage.

Before I went through the process of hiring a contractor to evaluate and price out, acquire drawings and talk with the building department. I wanted to know if building a rental was worth it.