Equity Extraction- LLC or personal?

[Eric Kouvolo]

I own two vacation property rentals outright. The one I have had since 2012 is titled in my LLC and the other I just purchased in July with cash value from my life insurance policy and titled in my name. I wish to purchase a 3rd unit (or more).

The banks I have talked to so far say my debt/income ratio is not in their range for a personal loan. They also declined a business loan due to seasonal rent variability and the new unit having unestablished revenue.

Should I put both properties into my LLC? Then, how can I get 50+% LTV financing to purchase a 3rd+ property? My annual vacation rents are 25%+ of purchase price and 3x what a standard monthly rental would generate. I don't wish to include personal credit or income as a factor in getting financing.

Any suggestions?