Obtaining private financing by setting up an LLC

[Connor Ryan]

I am a newbie investor and looking to start buying 1-4 unit properties using the Brrrr method. I'm aware that I don't necessarily need to set up an LLC, but I'm noticing a trend that it is becoming harder for individual investors to get conventional investment property loans (because of the Fannie Mae cap placed). I'm also noticing a trend that some private lenders want to see that you have a business entity established to get me pre approved for a Line of Credit or a loan that would fund a majority of the purchase price + the rehab. Should I establish an LLC in the state I am looking to invest in even though I haven't started buying properties? One of the ways I will be able to start writing offers is buy having pre approved financing set up and this financing is dependent on having the LLC established.