How to get a loan for a rental property. LLC is stood up

[Micah Pearce]

What's the best way to get a loan for a rental property. My business partner and I just formed an LLC. We want to get a rental house and so this means taking out a loan. What's the best way to do this? Since we have a new LLC, I don't imagine we'll get a loan under that. Does one of us put a loan under our name (or both of us) and then do we transfer it to the LLC or is the loan just our loan forever? When start paying off the loan, does it matter that it's under our name when we do accounting for the LLC?

Thanks,

--  Micah