Buying a house thru a corporation. Any advantages? - Posted by Bruce

import · February 12, 2001, 4:58pm

Posted by David on February 15, 2001 at 14:09:01:

you will find lenders reluctant to let you take title in the name of the corp.
even if your lender lets you take title in the name of the corp., the lender will likely want your name on the note, and use your credit rating.

import · February 12, 2001, 4:58pm

Posted by Bruce on February 12, 2001 at 17:58:46:

I’m looking at buying a personal residence and will have
to be creative in my approach to financing. I incorporated
my business as a Delaware corporation about 2 years ago.
If I buy as a corporation, are there any techniques that can be employed which might make it easier or allow me to
be more creative than if I were buying in my own name?

I don’t have good personal credit, so we established most of the corporation’s credit by using my partner’s credit which is very good.

Any thoughts, ideas or advice would be greatly appreciated.