Using a HELOC to Purchase My First Rental Propoerty

[Steven Glowacki]

I am new to the real estate investment scene. I am looking at possibly using a HELOC on my primary residence to purchase my first rental property. The loan, I expect, will be in the $30,000 range, which I would refinance after the first year to get my money back out. I would be expecting to buy something turnkey, but there is the possibility of using the BRRR method.

Also, as a rider to the above, since this is my first property is an LLC recommended?

Thanks for all of your help in advance!

-Steve