Business loan to get mortgage loans?

BoxerPlay asked:


I want to start buying rental properties. I have some money, but I need more. Can I start a business, then get a business loan, to then mortgage these rental properties? Basically borrow money to use for down payments on mortgage loans.

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Tags: Borrow Money, Business Loans, Mortgage Loans

This entry was posted on Saturday, August 30th, 2008 at 5:24 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “Business loan to get mortgage loans?”

1. Zach Says:
   September 2nd, 2008 at 12:16 pm

   You could, there’s a lot of factors. You’re going to need a decent sum of money that you’re going to put into the business as well. Lenders aren’t going to give you money for a business if you’re putting nothing into it…

2. Mrs Apple Says:
   September 4th, 2008 at 9:26 am

   No. I don’t think that’s legal to do. The business loan you get will be to build up your company, unless you state it’s to buy houses.

3. Karim Jaude Says:
   September 6th, 2008 at 2:29 pm

   Some business loans have higher interest rates than real estate loans so you have to look carefully into them and do your math. If you have some money but not enough, try looking into real estate hard money lenders, creative financing with sellers or partner with somebody.

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