All Forum Posts by: Michael Neiman

So here is basically the gist of the situation:  

A few friends and myself have been building capital to purchase rental properties. The five of us are all 25 and are doing this together to scale as quickly as possible. Amongst the team we have a two accounting backgrounds and a freshly barred attorney specializing in real estate and we have about $50,000 in capital saved up in a bank account in the name of our LLC.

We've seen a ton of negative information about financing through an LLC and are now hesitant if that would be the best option. Should we just begin going to banks (local or national) or credit unions to see who will offer us a conventional loan? We're ready to dive in and have located a number of properties so this is the last thing holding us back.

Any advice is appreciated!