BRR and then line of credit or refi with a mortgage?

[Eric Armstrong]

Interested to hear your thoughts. Purchase a rental with cash/private money, fix, rent and then refi out with a mortgage or get a line of credit on the property? Personal name or LLC? Mortgage route - Pros - better interest rate, fixed rate Cons- eventually hit a limit of mortgages to obtain, hassle of qualifying for mortgage, requirement of reserves Line OC credit route- Pros - only pay amount you have out of LOC, less hassle to get, don't think their limits on number of line of credits. Cons- interest rate not fixed and probably prime plus 1+% Please share other pros and cons for either or both. Thanks for your input. Eric