commercial or consumer loan for a vrbo property

[Eva Mackowski]

Hi Everyone,

question. We are looking at properties in a state outside of where we live.. we are in Texas, and we are looking at mountain cabins in NC. We are first time investors, so i'm wondering if it would be better to get a commercial loan for a vrbo instead of a personal loan thats going to increase our debt to income ratio, or how would this work? Are commercial loans harder to get for a first time investor and i'm guessing i would have to go to a bank that does commercial loans? Also, I have a Texas LLC already set up and am looking to put the NC property under that, via transfer of deed