Should I use Cash or bank loan

[Jeff McNutt]

I am closing on my first rental property. A few issues have come up from the lender. Here is the break down. Rough estimate Purchase Price $31,000 Down payment $24,500 Lender 30 year fixed 5% I started an LLC and have $20,00 in that account. HELOC $25,000 5.5%. Personal line of credit $7,500 7%. The lender doesn't want to accept the down payment from my LLC account (cash) since the Mortgage is in my personal name and the account is my LLC business account. My options are. 1. Use the HELOC and cash to do a cash deal. 2.Use the HELOC as a down payment I will have enough cash to rehab if I don't use a lender and save closing cost of around $2,600. And would plan on doing a BRRRR. I can immediately move the title to the LLC and start building some history. With a bank loan I could hold on to more of my own cash I'm trying to figure out what the best option would be or is it a toss up. Any thoughts or suggestions would be greatly appreciated. I don't want to make a rash decision.