Posted by Randy on July 22, 2003 at 15:05:29:
Unfortunately lenders like warm, breathing borrowers with SS#, a corporation does not qualify unless the corporation has an established Dun & Bradstreet rating (years to establish) even then the officers of the corporation have to sign.
corporation - Posted by Raisi Smith
Posted by Raisi Smith on July 22, 2003 at 12:54:33:
Is anyone familiar with purchasing realestate under a corporation? Because the situation that I am in is I have bad credit and I am in the process of getting items deleted from my credit profile, however I heard that you can establish new credit that does not apply to your personal credit if you form a corporation,…is anyone familiar with this concept?
Re: corporation - Posted by Richard
Posted by Richard on July 22, 2003 at 15:42:34:
Buying under the name of a corporation looks better to the seller and lender than your own name.
Also if you sell stock in your corporation and raise investment money, you’ll have all that money to invest, with no problems about your credit to interfere. but if you buy lots or properties, buy with a trust, in order to hide ownership–see your attorney.