Would it be easier to get for someone with terrible credit, a loan in an LLC?
Let me first say that I am a student / fan of Robert Kiyosaki. I have all the videos / audio books / games he has done. Aparently the “No Money Down” times are over for hard money lenders. She told me the other day that my financial education is outdated, because I was looking for a price no loan to a lease at very reasonable prices for buying two families with a friend. I am eager to start REI, but I am a bit hard to celebrate in my past and terrible credit. I matured a lot since graduation, but my past pursued me financially. I work as a driver and delivery is half my money from tips, which are not working to my income. So I have a bad credit, no capital, and a bad debt to income. Would it be easier for me to simply form a LLC and buy as investment properties by this company? I wanted to get my future properties in an LLC do for asset protection and liability protection anyway.
The company must apply form and would each qualify for a mortgage as.
The company trains you have no history, can not verify or prove income, no assets or history, so that your immediate plans do not work.
Since your company does not have the necessary ingredients to the approval of a mortgage or other loan legitimate search, you can build this company to this point.
to obtain the form of society, a tax identification number to open a bank account for the body using the tax identification number, which you receive, record keeping and corp own annual tax return, even if the company does not make money. The company can obtain credit cards from certain businesses, such as Office Depot, Staples and others with a limited amount of credit you can apply on behalf of society.
These companies will not ask you your social security number, but the tax identification number, which you get.
Once you create this company, you get a loan make sure you pay these debts on time, with the enterprises.
Be careful, as some Member States require the payment of taxes, even if the company does not make money. After a Delaware corporation or Nevada, where these states do not need taxes, your condition could be regarded as a foreign company to significant costs and fees for doing business in your state. Would you like the fees for a foreign company carrying on business in your state, any form against a corporation in the state of their own.
I hope this was of some use to you, good luck.
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