Is using my LLC to purchase my first property a good Idea?

[Sokhna Wade]

Hello Everyone! 

I'm a new investor and planning to purchase my first rental property next year around spring time. I am currently shopping for deals and practicing my math at the same time. I'm looking to fund my investment with a conventional loan or go the route of FHA loan. I'm looking to purchase a multi-family property or a single family home.

My questions is if I wanted to get the property through my LLC, is that a good idea for someone who is just starting out? Could it possibly make it harder for me to get a loan?

I wanted some advice on that and maybe a different approach I could take for my first property without putting much of my own money in. 

Thank you in advance for the answers! 

[Malcomb Stapel]

If you try to purchase it with your LLC many banks will require you to go with their commercial product. This could mean, in some cases, more than 20% down, 15 year term, etc. You will generally be able to secure much more favorable terms if you do the loan in your own name. Depending on the lender I have heard as many as 4-10 mortgages in your personal name before you are maxed out. Also, it will be a simple thing to quit claim them into your LLC at a later time of your choosing.