chbdelena, Home Buyer in 75252

Buying income property as an LLC in Florida, looking for financing

Asked by chbdelena, 75252 Sun Jan 6, 2013

We are working on forming LLC between three members each of us owns an investment property. We would like to buy to buy income property in Florida and Taxes as a new formed LLC. How do we find financing and what are the rules on buying condos for investment purposes. Will appreciate professional contacts

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Meir Aloni’s answer
BB&T do portfolio loans... try them out

With enthusiasm,

Meir Aloni & Team

CRS (Certified Residential Specialist)

CDPE (Certified Distressed Property Expert)

RECS (Real Estate Cyberspace Society)

Successfully selling Broward County since 1986!

Direct phone# 954-338-5220

All Star Realty Inc.
0 votes Thank Flag Link Fri Jan 11, 2013
Jax REIA (Jacksonville Real Estate Investment Association) has several private lenders that may work with you.

I would suggest you check out their website and consider attending a meeting
0 votes Thank Flag Link Sun Jan 6, 2013
Unless you finance as a commercial loan, which will be difficult as a new, just established company, you will be required to close in your name - not in the name of the LLC.
You can always quit claim into the LLC post closing.
Feek free to contact me with any questions.
Keven Brennan 904-382-3637
0 votes Thank Flag Link Sun Jan 6, 2013
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