Purchasing Real Estate · Money Broker Society

Purchasing Real Estate

Hello!

I have some real estate related questions that perhaps someone can answer.

I am looking at a small commercial property- which I already have a renter set up for- a renter which can be trusted and long lasting.

I am also looking at get a transitional property for myself. One that I intend to refurbish if necessary and then rent out or sell when I have another more long term suitable property.

SO my questions are related to funding and buying properties:

-For the commercial property I was planning to get business funding, owner/creative financing or perhaps a DSCR loan (I am still doing research to see what will work best- experienced opinions welcome). I would be buying it as a LLC and not in my own name.

-For the transitional property I am considering buying it in the same way- with an LLC and business funding, seller/creative financing or a DSCR loan and in turn 'rent' it from myself.

I am mostly trying to see if this is an option- to rent a property from a LLC you own.

I figure it does work as you can buy a car under your LLC and you are simply the 'driver'.

If anyone has experience or knowledge in these areas I would greatly love to hear from you.

Thank you in advance all :)

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