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Updated over 9 years ago,
Loans to LLC for Rentals
Hello Everyone,
I am new to BP and this is my first post. I have a few rentals with a partner, currently we have two, are under contract to buy two more, and should have at least one more by the end of the year. Currently we are buying with cash, rehabbing, then taking a traditional loan out. Currently we are holding the properties is our names personally, but would like to get them into an LLC. Although, we are having issues finding a lender that will loan to an LLC with decent interest and terms. Does anyone have any recommendations? Typically we are at about 75 - 80% LTV and they all cash flow. We would like a loan that we can easily add more properties too or sell one if needed. Thanks for the advice
Grant