Updated about 8 years ago on . Most recent reply
Conventional vs Commercial
So I'm currently transitioning from wholesaling to buy and hold.I just got the contract signed on my first investment property and debating whether to take a conventional loan or get a commercial loan under my LLC.The conventional loan will give me a better rate and better terms.The commercial loan will allow me to utilize the benefits that my LLC will provide.I know some people like to take a conventional loan and deed the property out to the LLC regardless of the due on sale clause.For those who buy and hold multiple properties, what do you recommend? My goal is to build up a portfolio of rental and owner financed sfr properties.I would appreciate any input.