Personal or LLC To buy rental property and financing options

[Daniel Emison]

I hope this is the correct thread to ask this question. I am currently looking into SFR and multi family. I have been talking with a local bank on options for financing these properties and it sounds like they prefer to finance to an LLC. The type of loan options they are talking about is 20% down with a 3-7 year ballon and 15-30 amortization schedule. Is this the only type of financing available for an LLC? The balloon payment have me really concerned since it isn't guaranteed interest rates won't skyrocket and refinancing may not be possible. These 2 things could turn you good rental property into a terrible one pretty quick I would assume.

    Would it be wiser to buy the properties personally so you can get standard mortgage of 15-30yr and no balloon? Thanks for any advice out there!