New to real estate investing

[Tony Jones]

Hello, I am new to real estate investing. I purchase my first property in 2019 in Dayton for $4k with $10k in rehab cost and immediately put it into an LLC. It's being rented for $700 (yes below market rent). Today, the property is worth $95k and I find it very difficult to do a cash refi or HELOC to purchase other properties because it's in an LLC. My question is since it's only one rental. Should I close my LLC and Quit-Claim Deed the property back into my name and just do an Umbella insurance policy? The property is free and clear. Thank you

[Tony Jones]

Quote from @Kerry Noble Jr:

So the heloc difficulty may be because its not a primary home. but im sure you can find a lender for a heloc.

have you tried a DSCR because that way you can keep it in your LLC?

Hi Karry,

Thank you for the response. I never knew about DSCR, but I see DSCR may be a good route to take.

Thanks,

Tony