All Forum Posts by: Tiffany Perdomo
Tiffany Perdomo has started 1 posts and replied 2 times.
Post: How to purchase under LLC instead of personal name.
- Posts 3
- Votes 1
Thank you @David M. The property we are looking at is currently used as a 4-plex but has a second unused building that houses 2 additional units. I believe it could also qualify as a DSCR loan so I will check on that, at which point the LLC would be eligible to purchase it, with my limited understanding.
I appreciate you taking the time to explain.
Post: How to purchase under LLC instead of personal name.
- Posts 3
- Votes 1
Hi everyone,
We are new investors looking to invest in the KC market. How do you go about purchasing properties under your businesses? We are creating a new LLC but the purchase will be under our own credit profile. I understand we can quitclaim the deed to the business however don't we still require to be on the deed as well because we are holding the mortgage with a lien against the property? I truly have no concept of how this works, and I'd appreciate any insight. I've spoken to an attorney and am still about as clear as mud.
Cheers!