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Updated over 5 years ago,
Mortgages for rental properties
Me an a partner are planning to set up an LLC together to buy rental properties through. What is the best way to get mortgages for these properties if we are putting a sizable down payment of 25-35% down for each? Will standard banks and mortgage companies loan to an LLC for investment properties? and even further a new LLC? Will using an LLC that already exists and has been in business for a few years make any difference?
I've talked to some companies such as Lending One and Lima One about refinancing a BRRRR, but am wondering if these are still the best to go through if we're buying properties off the MLS and putting money down in a more standard fashion. Trying to get the best interest rate I can.
Any advice suggestions or guidance is very appreciated.
Thanks,
Mitch