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Message
re: Real Estate Investing......... New update pg 7
Posted on 2/18/15 at 11:12 pm to Fat Bastard
Posted on 2/18/15 at 11:12 pm to Fat Bastard
quote:
i hope you understand most lenders will not give a loan to an LLC for residential property.
why not
1
Posted on 2/19/15 at 4:52 am to ChiefBowman
quote:
why not
The same reason people have an LLC in the first place. It limits the financial liability of the individual and insulates them from financial responsibilities should something go dreadfully wrong.
Banks won't have anyone to go after, the LLC will just dissolve.
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