Plenty of cash, but how do I get started with the LLC?

[Eric Upchurch]

Interested in buying my first rental, but want to make sure I'm properly protected. I have an LLC ready to go, separate banking, etc., and will get liability insurance as well. I don't want to be limited to 4-10 rentals over time (LLC isn't limited, right?)

My question: should I put a large sum of cash in my LLC, then try to get a loan for the first rental that way (I'm a fan of leveraging vs. cash)? Will direct lenders lend to new LLCs with cash but no credit yet? Or should I put the money into the LLC, then buy the first property with cash (to build credibility/assets), then use the BRRRR strategy to refi once seasoned?