Mortgage for new LLC

[Prash Sun]

I am a new investor who is in mid 30’s and saved up enough to put $60k towards a investment purchase. My question is,

how do I go about getting a loan to purchase a investment property in neighboring state. I liked a SFR for $130k and interested in renting it out via AirBNB or traditional rental( to be decided). What kind of banks will offer a loan up to 60%LTV?

The LLC is a partnership between me and my wife while I am the sole earner of the family. I have excellent credit and willing to guarantee the loan. With my calculations, I should be able to pay-off the loan in about 1-2years in my own money rather than use the rental income. Basically want to establish assets under LLC for long-term investing. May be buy multiple properties under same LLC.

Does the above sound like a good plan? Sorry fairly new here.

Thanks

[Prash Sun]

@Justin Kane Thanks.

I have a day job and am reluctant to partner with someone and/or flip homes.

1.) Because I don’t have much friends in RealEstate field to give any inside advise or even contractor friends.

2.) I don’t want to be thinking about the flip as I still need to focus on my job for at least next few years.

So coming back to my original question, are there any at least few lenders willing to do commercial loans on 60%LTV?

My other alternative is to get a personal loan via LendingClub alike sites. I am approved for about 40k. So gotta ask friends and family if it will be full cash purchase.