Home Equity Line of Credit

[Matthew Rembish]

So I recently met with a contractor who does many rehab flips a year and being a new investor, I asked him what was the best way to fund these kinds of deals with the limited money I currently have. He told me to go to the bank and apply for a home equity line of credit. Does anyone have any tips or words of wisdom when doing this? Also, should I start my LLC first and then open the line of credit at a community bank under the LLC instead of going with a larger nation-wide bank under my personal name?

Any feedback is very appreciated! Thanks!!!