What Is The Best Option To Go With?

[Donyelle Keith]

Hi everyone, I'm fairly new to the BP family. I'm excited to be able to communicate with every level of investor and lenders throughout the platform. I have a question, though. I'm about to go talk to a lender to see what I qualify for to purchase a multifamily property. I have a two member LLC, that's 50%-50% with my partner but I don't know if I should apply for a business loan since I want to do this venture solo. If this isn't a good option, what does everyone suggest I apply for? What's the best option for financing and property for my first go around?

[Bryan Noth]

Welcome to the BiggerPockets family @Donyelle Keith! if you are getting a loan in the name of your LLC it would likely have to be non-conforming and untraditional lending (portfolio loans, business loan, hard money loan). Typically best rates are in your own name.