All Forum Posts by: Michael Slayton

Thanks for the replies. It does cash flow on a 20 year, but obviously cash flows more on a 30 year which is why I was interested. We will likely end up with a 20 year so we can put it under the LLC name.

A friend and I have formed an LLC, and finally found a duplex. We have spoken to a bank, who offered a 20 year ARM. We then spoke to a broker who suggested we do a conventional loan in one of our names, and then change the deed to the LLC after a few months.

My question, is this the best way to get a 30 year loan? We are worried that it will mess up the accounting for taxes, and if it is even possible to transfer the deed to the LLC while the loan is under just one of our names. Appreciate all the help, we are both new to real estate and hopefully about to purchase our first property.