Sunday, August 14, 2011
Can you purchase a commercial rental property without cash?
Say the property was $200,000. And through an LLC can I finance the $200,000 as a new LLC without any company credit or ets. Say that they want %10 down also. Could I personally garauntee the $20,000 myself and lend that to the LLC. So then the LLC can make the down payment. So if i did it that way could I then finance the other 90% with the LLC. Cause I was always under the immpression that commercial rental properties are not valued like a home. That the loan is based on the actual property itself(the value of the building). So the loan amount wasn't based on ets that the LLC already had, but that it could be based on what the building was worth. Please help. thankyou
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