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.

3 Responses to “How can my company buy a rental property?”

  • Business Mom:

    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 :)

  • DJ B:

    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.

  • shelcom:

    Why aren’t you talking to your bank about this? :(