Where can I find financing for a startup real estate company?
Two other people and I would like to form an LLC that buys and rents out properties in the Washington DC area. Who generally lends to new companies wanting to work in this sector? Thanks!!! :-)
Public Comments
- This is a type of business that would require your partners and yourself to establish some line of credit beforehand. Like it or not, your going to have to get some mortgages and then rent out those places for higher than your monthly payments. There are also subsidies you can sometimes be eligible for from all levels of government if you provide certain types of housing in specific areas.
- It is very difficult to get financing for an LLC. I own several properties with other people as tenants in common. I found it much easier to get financing for a property held as tenants in common rather than as a LLC.
