How can my company buy a rental property?
I want to diversify my business (it is no way correlated to real estate at all). I am looking at the possibility of buying a leasing property or possibly a vacation leasing property (i.e. a condo at a ski resort or something along that line). Which mortgage companies specialize in this? I assume they will want financial statements from the company or can I do a stated loan? What size down payment would be predictable?
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rykookyr
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How can my company buy a leasing property?
I want to diversify my business (it is no way correlated to real estate at all). I am looking at the possibility of buying a leasing property or possibly a vacation leasing property (i.e. a condo at a ski resort or something along that line). Which mortgage companies specialize in this? I assume they will want financial statements from the company or can I do a stated loan? What size down payment would be predictable?
I know I may possibly contact a lawyer, real estate agent, bank and a mortgage self but I don’t want their salespeople to start bugging me right now (I get too many telemarketers calling me now as it is). I want to get some background info so I can question intelligent questions when I start talking to those people mentioned above.
two items you will need to help you —a licensed real estate agent and a excellent attorney.
they can answer all the questions and they can set you up pretty.
nice investment go!
excellent luck
Yes, your company can hold real estate of any kind. And yes, you will need to seek a different kind of loan, most lenders can help you with that. The downpayment would be what the lender would want to see. So again, check with local lenders.
Why aren’t you talking to your bank about this?