Need advice on long term cash out lending strategy

[Keith Smith]

Hey everyone,

I have read thread after thread about this and after making several calls to lenders, I think I have a good handle on my short term strategy. I could really use some advice on planning a long term lending strategy with business lenders since I have no experience in this. 

First here is what I have going on:

I intend to purchase properties for buy and hold.

I own a triplex in IL that is nearing renovation completion.

I have a SFR in Florida that is gutted and waiting renovations.

Both are titled in my personal name. 

I have formed a Wyoming LLC that owns a Illinois LLC.

Currently the value of both of my properties, upon completion, will be over triple my purchase price and likely double the price + investment. This puts me out for delayed financing prior to six months since I want to maximize my withdrawal for more property purchases.

So right now I am waiting three months for my six month seasoning, at which point I will be allowed to take a conventional mortgage on IL property. This wait is not convenient because I'm forced to wait 3 months before I have cash to renovate my FL property and every day I read news stories about the economy going down the toilet. I also have to continue holding the property in my name until 6 months is up, at which time I can switch it to the LLC... which I hear is against the rules of the loan but the banks turn a blind eye to. Not an optimal solution but it appears this is what I have to do right now as my LLCs have no credit. (Please, if anyone has an alternate solution, let me know).

My long term goal is to continue this process over and over again until I'm rich enough to run for president. So this in mind, what do you guys recommend for my long term lending strategy? 

At this point I am thinking I want to grow business credit so I can eventually refi and get rid of the loans in my personal name. Then my business credit will allow me to get lines of credit in the future for portfolio loans. Assuming my Wyoming LLC will own the individual state LLCs that own real estate, can that LLC take loans for property owned by it's child companies? Or do I have to focus on building credit for each child LLC since that is who holds title?

I greatly appreciate you knowledgeable folks helping this newbie out.