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need insights on financing solution when investing through LLC
Me and my other 3 partners are looking to purchase our first property through an LLC. we have the downpayment available so that's not an issue. I spoke with few lenders and all of them said it won't be much different than purchasing your primary home. However they would issue the loan only to individuals and it sounded like it is very unlikely to get the loan under LLC's name because that will have some pretty complicated terms that nobody would want to accept. they told me that we can get the loan personally and we can transfer it to the LLC afterwards.
now we patterns live in different states. how easy or hard it would be to transfer the property to the LLC later on? what kind of issues i should be aware of ahead of time and not find out later which could coast us a lot of trouble. looking for guidance from experienced folks.