Best way to finance a rental purchase

[Sonia Martinez de Simon]

Hi, I need some advice as I want to start building a rental portfolio and it seems complicated, but then I see a lot of people doing it like they’d buy groceries… I studied the area I want to invest in, I looked at vacancy rates, rental rates, cap fates, noi….and I do have an excellent credit score and some $100k saved. So I guess I’m ready to jump in?

My question is how do you guys start the process… do you start by creating an LLC? If so how do you do it (sorry, I relocated from Europe and are a bit lost with legal procedures here) I'd like to know how to create a LLC and what's needed (do I need legal services, like a lawyer?)

Then, after creating the LLC is when you get a loan? Or do you rather get a personal loan and then transfer to the LLC? I have a mortgage with a 3.5% interest and would rather expand that one instead of getting a new one at the current rate of 7%, is that possible here ?

How do you all do it? Please help, thanks