Question regarding financing, I want to take a conventional loan (30 years) On the home of the company LLC...
Question about financing,
I want to take a conventional loan (30year)
About the home of my LLC. I understood that:
* Take a business loan based on rental income - I can't because I only rent from November and have to show the 12-month rental history.
* Take a loan as a person I can't because I have no income as an employee.
is it true?
Are there any options I am not aware of for a 30 year loan?
Like checking in big / small banks or some organizations .. Ideas ..?
(I'm a physicist / engineer, I didn't enjoy working as an employee and wanted to renovate a home instead of an office 14 hours a day.
Thanks!!
Eyal
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