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Updated about 4 years ago,
Financing Conventional Loan
Forgive me if this has been covered elsewhere. Hoping to get info on what to expect in the following situation. I would like to purchase a rental property (less than 4 units) with cash, fix up and get a mortgage on it. Will the mortgage companies look at the property as commercial if it is held by a single member LLC? Can I still get a conventional loan? If not, what can I expect for rates?