Conventional vs Commercial

[Joshua Boyce]

I’d like to buy my rentals with my LLC, but I told I can only use a commercial loan in that case. I was preapproved but I’m not sure how good the terms are and what to negotiate. Does it makes sense to buy in the LLC and not go for conventional loans? The bank said if it bought in my name and then transferred, I’d owe a significant tax. I’m trying to figure out my best loan option and if these terms are good and should be negotiated. Thanks for the advice! Term: 20 year Interest: 5.5% Re-pricing every 5 years at current treasury rate plus 2.7%