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Updated about 6 years ago,
Conventional loans on SFH owner in an LLC
New to REI here so any advice is helpful.
I understand tend the importance to own your rental in an LLC, however it can be difficult to get banks to give you a loan for a house owned in an LLC. I would prefer to not transfer the property to the LlC after the fact (I’d hate to have the loan come due for violating the terms ). Does anyone have recommendations on how to get loans for a house I want to put in an LLC? Are there certain institutes I should go to or a process to follow?
Thanks for your advice!