Updated almost 5 years ago on . Most recent reply
Financing with an LLC
Most banks will not do conventional loans with an LLC. The majority will ask to do a commercial loan or the terms are not favorable.
How do you best navigate yourself with rental properties using an LLC and a lender?
Would you be better off starting off with a conventional loan then as you accumulate properties you switch to a portfolio loan?
Most Popular Reply
If you can qualify for a conventional loan then get one. You can have up to 10 loans. If not you need to a got for an LLC where there are no limits on how many properties you can finance. These are all no doc loans. Yes rates are higher but if property cash flows then rates are not that important.