Hi, I am working on my first property and have a conventional loan, which means my current LLC cannot "own" the asset, which I'm assuming eliminates protection the LLC would provide.I've seen other threads from years ago, from other states, so I'm hoping someone can provide any guidance on whether it's worth it to continue using the LLC or dump it and keep it all "personal". 

I have ran a variety of models based on conventional financing and this CMHC MLI select product and the benefits to the developer on take out financing and monthly cashflow are staggering.As I here more information on the product from people I know I will post accordingly.

It looks like their assessed value went up by 48% after the latest round of reassessments, so they will probably be looking at a tax bill closer to 3k in the future.On the point about FHA loans, that PMI is going to stick with you for the lifetime of the loan unless you refi to a conventional down the line. 

Hey Laura,Hard money lending is not as tedious as a conventional loan, I believe that the agent is looking for reassurance of this.Getting this loan is primarily based on the numbers of the deal, if you are getting a good deal then you'll definitely find a lender who can fund the deal fairly quickly.

@Mike ReynoldsAny property to cash out many conventional lenders want 6 months - condos also need to review condo docs etc to confirm it can be financed.

I am currently looking at 20% down with a 5.225% interest rate on a 30yr fixed rate since I am not eligible to go conventional or fha due to my employment history.

Conventional Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Conventional avenues (i.e rocket mortgage) and local banks could be an option again as nothing is in your name.

Everything is negotiable in seller financing.Regarding borrowing the downpayment, since it's seller financing there won't be restrictions against that like with conventional loans. 

So I purchased a property a few months back with a conventional loan. 20% down payment.