Using LLC to apply for property loan will cost more?

[Frank Lin]

Hi BP families,

I am a newbie real estate investor. I saw a lot of great posts here and have learned a lot. However, I have a question about using LLC to apply for the loan to purchase the investment property. I have asked quite a bit of loan agents and brokers if I use LLC to acquire the loan; the best rate I have found for the multi-family property will be APR 4.75, 30 yr fixed, 75% LTV, 3 yrs PP.

However, it is still too high compare to if it is a personal mortgage loan. I really want to use LLC to purchase the property because I want to protect myself from showing my personal info to others. Another reason will be taxation, and it will be more benefits by using LLC than personal investors.

I hope I can get some professionals advice here and look forward to having discussions with you.

Best regards,

Frank