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Updated over 1 year ago, 08/29/2023
Financing a single family home for a rental
I have a single family home under contract that would cashflow really well with a 30 year note, and the market interest rates, but unfortunately my local Credit Union is saying because it will be a rental that I will need to have a commercial loan instead of a traditional and it will end up being a 20 year note, which is fine for my cashflow if I rent out mid-term. But if I rent out long-term, (backup plan) it doesn't work at all...
What are the options for financing a single family rental under my LLC?