My Investment Plan - Need your opinion

[Peter Wong]

I currently own a rental that was paid for in cash. It is personally owned (not LLC).

My plan is to obtain a HELOC on it to fund my next rental. Once purchased, I would then reno, rent & refi to pay back the balance of the HELOC and I would continue this for 10 years.

Good deals on properties in my area are hard to come accross. Which is why I'm leaning towards the HELOC vs Cashing out immediately. I like the idea of the HELOC being readily available funds for me to use but not making payments until used.

Here's the Kicker (maybe not).... In reference to the property I plan on getting the HELOC on.... I want to open the HELOC then change the deed from personal to my LLC... I understand the lender CAN close the line but is this more prevalent when done on Cash Out Refi or HELOCS? Opinions and experiences with this is much appreciated.

The subsequent rentals would be under my LLC also.

I have have 4 rentals and multiple flips in the areas that I'm targeting, so I do have a good understanding of the market and analytics.

ANY questions, comments or concerns is what I'm looking for!

Thanks in advance!