I’ve been working with a group of investors for about a year and a half now who is buying rental property in Charlotte. I sell, rent, and manage what they own. Up to the beginning of this year they have been buying the property using conventional financing in one of their own names and simply quit claiming it to their LLC.

As of a few month’s ago they have kind of reached a point where they no longer qualify for a conventional loan due to the number of properties they own, and they are looking for a bank that will lend directly to their LLC to purchase property. The goal is to buy 2-3 cash flowing rentals a month under the LLC. The group has a ridiculous amount of assets personally and plenty of funds to put down towards the purchases, along with a bunch of business experience and stellar credit.

Can this be done?

Read the rest of this entry »