new investor, mortgage options with LLC

[Marie Plumb]

Hey everyone,

I am a new real estate agent in Michigan and I have been browsing rental property options for a few years now. I am getting to a point where I am ready to take the leap and buy my first investment property. I am looking for multifamily properties. I want to start an LLC for the property I get. I have done some research regarding LLC's and opening a business account. Can anyone share their experiences regarding LLC's and obtaining financing with me. Is it hard to get a mortgage with an LLC that is newly created? Do they look at your personal income since the LLC will not be generating any income at that point. Any information or tips would be appreciated. This all seems so foreign to me. I am a nurse trying to transition to the real estate and investment world.

Thank you!!

Marie