Need help around buying rentals in my name or an LLC

[Tyler Dennison]

Hi Everyone,

I just wanted to touch base on a subject that has been causing me some confusion when talking to financial institutions. I am starting to pick up rental properties but wanted to put them under a company name or LLC. The issue I am having is when I have is when I talk to the banks and they hear LLC they want to be under commercial lending which has much higher rates and very short term loans. Can anyone provide some guidance on the best strategy to handle this situation? I have heard horror stories about taking properties from private ownership and transferring into a LLC (maybe a different kind of incorporation is required). Want to lock in that 30 year residential rate. I appreciate any and all help on the topic. Keep rocking.

Tyler