As far as title goes, the property can be titled to the S-Corp. The loan may require a personal guarantee of one or all officers that have the credit and assets sufficient to satisfy the lender's criteria.
Please take note that a Real Estate purchase by an S-corp
1.) may not be able to gift property/percentage interests in the property to children or grandchildren
2.) it may trigger more complicated accounting, including a more complicated tax return
3.) it may limit depreciation write offs
4.) there may not be any tax advantages
I am not a tax professional and the above does not constitute tax advice.
I do suggest to seek the advice of a tax professional. Then find a reputable lender and Realtor to assist you. If you need reputable lenders with a impressive track record, please feel free to contact me. Please feel free to call me if you have any additional questions.
Hope this has been helpful!
Prudential California Realty
My name is Mitch Valmer. I am Managing Partner of e Money lending & we specialize in two types of transactions, First off is Private Money Lending & Secondly is Investment Banking. 98% of my Clientele is Self Employed business owners just like you Mr. Counts, With 20% Down I can get you a loan with one of my many Investment banks. I have access to these investment banks because either Myself or one of my investors bank there.
e Money Lending
e Money Fund LLC
e Money Lending is a DBA of Euro-American Credit & Trade, Inc., a
Licensed California Finance Lender.
949 939 4876
After you get the loan process in place, find a great local Realtor who can assist in fnding the right place for your needs.
One word of caution, you will likely not be able to buy a short sale in teh name of an S-Corp.
Best of luck,
Newport Beach / Palm Desert CA