How to establish credit and financing for my Real Estate LLC?

[Jackie F.]

Hi BP,

I currently have 4 rental properties with mortgages under my name. I am looking for my next property, but would like to finance it under the name of my LLC. All my LLC has is a credit card. I only have 1 year of tax returns for my LLC, but have over 5 years of personal tax returns with my 4 rentals. So I have rental experience.

I have a regular W-2 job with good income, good credit and no debt besides mortgages.

What is the best way to establish credit for my LLC to make financing easier? As I stated, my LLC has one credit card. How hard is it to obtain reasonable financing terms for a property under my LLC? Do i need another year of tax return? Are terms worse with an LLC than personal investments?

What are the pro's and cons of LLC financing vs personal?

I have heard about small banks offering loans to LLC's, but I want to educate my self first before reaching out to a bank.

Any information would be greatly appreciated.  I really need some guidance.