Who gets better lending? an LLC or two individuals

[Kayla Elliott]

Hey yall! I am looking to make my first deal and I was wondering how to get the best deal when looking for funding. Please poke as many holes in this plan, but having just graduated college and having no money, I am turning to a HML for the down payment (20%) of the loan. The rest will be through a traditional mortgage bank.

Given the above knowledge, would I get a better deal for the HML and the Mortgage through an LLC or putting it in my name and transferring it to the LLC once some time passes?

[Tom G.]

Hi Kayla, we all learn the same way and that is to beat the streets. Call as many lenders as you can and meet with a diverse set. The rules change from house to house and ultimately it is a relationship you need. Good luck!