My brother and I recently formed a L.L.C. for the purpose of buying rental properties. We now have a few properties in mind and need to know how to go about buying them.

1) How do we secure financing for the property in the name of the company when the company has no established credit (even though he and I both have excellent credit).

2) How should the property be titled. Assuming that he and I will have to sign the mortgage note, how do we get the property titled in the compan's name.

1) How do we secure financing for the property in the name of the company when the company has no established credit (even though he and I both have excellent credit). Bank lenders do not give the amount of company credit a lot of importance when assessing these deals. In fact, a good number of these deals are given to newly formed entities. The important factor here is that there is enough cash flow to repay the debt from the rental income. I am assuming that you are talking about income producing properties. Otherwise, my first question would be ”How do you intend to pay the loan?”

2) How should the property be titled. Assuming that he and I will have to sign the mortgage note, how do we get the property titled in the compan's name.

Title=company’s name
Sign the mortgage as officer of the company
Sign the note as officer of the company
You will most likely need to sign a personal guarantee also
The purchase contract will determine who the parties are and the lawyer will draft the documents accordingly.