Personal VS LLC clarity

[Matt Morales]

Hey y’all, I am closing on my first property in a couple weeks. It will be in my personal name. I have a few questions that I’d like to get answers on because EVERYTHING I’ve read/ heard is clear as mud!

1. The obvious, personal vs LLC for liability protection. It is being purchased in my own name and I am familiar with transferring to an LLC, but I'm also aware of the due on sale clause. Even though the lender acting on that if I'm the owner of the LLC, AND making all payments,it's still an option that I'm concerned about. The second concern with transferring is I want to eventually do a cash out refi and pull my money back out and can't do that if it's in an LLC, correct? Now, I've read that I can simply transfer it back to me, refi, then transfer it back. But IF I'm sued that sounds like an easy way for a lawyer to pierce the corporate veil of my LLC, which negates the LLC in the first place. Which leaves me to think I just need a big umbrella policy. Right?

2. How do all these investors buy all these houses. I'm in a position financially to basically put 20% down on a new house every year, and that's my plan. But my problem is (1) how do I get more than 4 loans in my personal name and (2) IF I buy these properties under an LLC then how am I to cash flow if I can only get a 15yr MAX term (if I can even get that)and only putting 20% down? that leaves no room for cash flow. Please anybody help!!