Financing Advice Needed for Our Next Real Estate Step

[Daniel Bakalo]

I’ll admit, I’m a bit ignorant when it comes to real estate financing. Up to now, we’ve always been cash buyers, but we’re looking to start leveraging what we have.

We own several raw land lots through our LLC and want to start building homes on them for long-term rentals. Here's the idea:

Construction cost: about $150K
Land cost (already owned): $15K
Expected appraised value: around $230K
Rent potential: about $1,700 per month

Ideally, we’d like to do a 30-year mortgage. Is this the kind of project that’s fairly easy to finance? Would building one every 4–6 months be an issue?

One wrinkle is that the lots are titled under our LLC, and I'm not sure if that makes financing harder. Do lenders usually require personal guarantees, or would this push us into more of a commercial loan setup?

Any financing gurus here, I’d love your input. We feel a little stuck in our real estate journey and would like to start using financing instead of all cash.