Buying Property With Company

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I was wondering if I could get financeing using my wifes and I business number instead of going for a loan under our names and ssn, due to a few bad things on our credit rating. the company is incorporated and in good standings confused

Comments(3)

  • InActive_Account6th July, 2003

    This depends upon if your corp has a credit history and assets. Does your corp have these? If not someone will have to sign for the corp. This person will have to be checked out so using a corp name is not a way around your credit history.

    Some Hard Money Lenders will lend in your corps name as loang as the LTV is low enough.

  • hibby766th July, 2003

    If your corp doesn't have a credit history, then they'll look at the owners so it wouldn't make any difference if you don't.

  • 6th July, 2003

    Is it relatively easy to setup a corp?

    Is it recommended to buy real estate that way, or should newer investors buuy under their name to start off?

    Of is it just a matter of preference?

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