Financing after cash buy
Forgive me if this has been covered elsewhere. Hoping to get info on what to expect in the following situation.
I would like to purchase a rental property (less than 4 units) with cash, fix up and get a mortgage on it.
Will the mortgage companies look at the property as commercial if it is held by a single member LLC?
Can I still get a conventional loan? If not, what can I expect for rates?