Getting a cash out after a BRRR with an LLC attached to property

[Dennis Brooks]

My wife and I did our first BRRR! Bought renovated and rented a 2 family in 12weeks Long Beach ny .Created $230k of equity minus the $70k for renovations that the renters are paying and still hoping to pull a $1000- $1200 cashflow. We are very excited! Can't wait to get our money back and do it again! That's where the problem comes in. During Covid we took a 500k HELOC out of our primary. Used a 150k of our own cash to make the deal happen. We put it in an LLC to protect ourselves which was recommended by our lawyer but the banks don't want to lend to us per a Fannie/Freddie rule about LLCs. Interested to hear similar experiences! How do your get your money back and still protect your self? appreciate any advice! THANK YOU!