Buy with Cash from HELOC and payoff or Get a mortgage???

[Brian Ketner]

So right now I have about 65K through a HELOC I am looking to get into my 1st property. So reading on the BRRRR method and talking to some local investors, the opinions are the opposite end of the spectrum....

BRRRR would say, buy a property with the HELOC, rehab, rent and refi it with a 30 yr loan, then repeat.

Talking to two local investors - they strongly advise against leveraging that much on a property because of the risk and stress of having to keep a property rented and making sure the mortgage is covered if its not rented. 

Can someone explain why leveraging all your properties is a good idea? or a bad idea?

Also, talking with a lender they stated if i paid "Cash" out of the HELOC, make sure the property is in my personal name. Then once I refied I could then put the property in my corp. Is this correct? They said if I bought it with cash 1st, they would not be able to refi it since it was in a LLC or S corp.