Buying investment property in your personal name is a rookie mistake. It exposes your personal assets (home, savings, car) to liability if a tenant sues you. Smart investors buy in an LLC (Limited Liability Company) to create a corporate veil.
The Policy Gap
Traditional banks often make this difficult, requiring 2 years of tax returns for the LLC or forcing the loan into a personal name.
The Fix: Entity Lending
We lend directly to the Entity.
“We do not require the LLC to have history,” says Heather Sharpe, Closing Specialist. “You can form the entity yesterday and we will fund it tomorrow.”
Tell your investors to form the entity before the offer. It signals to the seller: ‘This is a business transaction.’
The Strategy
“Win the bid with speed,” advises Heather Sharpe, Closing Specialist. “Secure the asset. Once the keys are in hand, you have all the time in the world to refinance into a 30-year loan.”
Don’t bring a 45-day bank letter to a 10-day fight.
Are your clients buying in their own names? Stop them.
Email me at Heather@InvestorUnderwriting.com to learn how easy it is to close in an LLC with Investor Underwriting.