Establishing Credit for LLC

I would like to start looking for properties to make offers on, but was wondering about making the purchases through an LLC for liability purposes. My question is two-fold. Is there a way to establish credit for an LLC and build a FICA score to do REI?

Is there a way to buy using my personal credit (640 FICA), and transfer TITLE without paying a large sum to transfer the ownership? confused
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Comments(2)

  • caregvr4th June, 2003

    I am not sure how to establish credit for the LLC directly. However, I do know you can purchase property using your own credit and quit claim it to your LLC after purchase for just a recording fee.

  • scrocer15th June, 2003

    Quote:
    On 2003-06-04 21:18, caregvr wrote:
    <IMG SRC="images/forum/smilies/icon_rolleyes.gif"> I am not sure how to establish credit for the LLC directly. However, I do know you can purchase property using your own credit and quit claim it to your LLC after purchase for just a recording fee.


    Can you elaborate any on how to claim it to your LLC?

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