Obtaining a mortgage under an LLC challenges?

[Rocco Swinney]

Hi - i have been a landlord for a few years now and have few properties. I have been obtained them all under my name. I have used a couple lenders (no large banks) for these mortgages.

I was interested in starting an LLC and reached out to the lenders to see how it works with obtaining a mortgage (new properties id be interested in) under an LLC vs. my name. All of them (three) said they wouldnt be able to provide the mortgage if i wanted to purchase

Is this typically the case and one needs to use hard money when they have an LLC or did I just have an unlucky streak with the lenders i use?

Appreciate it