Buying Property With Company
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
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.
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.
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?