Newbie - Accidental BRRRR. Need financing advice with next steps.

[Abby HINES]

One year ago, I took out a HELOC on my personal home to buy a condo. I rehabbed and rented it. The loan and the condo is in my name, not an LLC. The condo has now doubled in value (from ~$200k to ~$400k) due to the rehab and the crazy market.

What's the best way to tap into that equity to buy another property to BRRRR? I want to scale as quickly as possible because I don't want to do a 9-5 desk job anymore. I'm also looking for a house hack, so I need to keep my debt to income ratio low. Should I transfer the condo to an LLC and get a business loan, or keep it in my name and get a personal loan for the lower rate?