Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

172
Posts
46
Votes
Kumar Tummalapalli
  • Real Estate Investor
  • Chicago, IL
46
Votes |
172
Posts

LLC - interest rate less than 5% possible

Kumar Tummalapalli
  • Real Estate Investor
  • Chicago, IL
Posted

LLC with two members , Buying Investment property

- 20% down payment 

Is it possible to get a loan at interest rate less than 5% ?

Most Popular Reply

User Stats

7,936
Posts
6,321
Votes
Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
6,321
Votes |
7,936
Posts
Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Kumar Tummalapalli with loans of these nature you need to also ask about the OTHER features.  So if the rate is less than 5% but the loan is a 15 year loan, is that ok?  What if it's an adjustable rate loan, has prepayment penalties, etc?  It might be possible to find a 30 year fixed loan but certainly lean on other investors in your area to see who they use. Try posting in that state forum. Bigger Pockets has some great state forums and usually there are good locals that monitor those. Also, try some local real estate meetup groups. Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too. Even facebook might have some good local groups for you. But post locally for this. That’s the best bet.

  • Andrew Postell
  • Loading replies...