I think they meet in person, but not sure it may be on zoom - they are not members of MAREI, so I don't have all the info - they do post their meeting on Meetup.And there are a lot of virtual meetings, plus MAREI events on our calendar. 

Look into a DSCR, Debt Service Coverage Ratio, loan where the rental income can be used to qualify the cash out refinance instead of your personal income.To Your Success! 

Also, would this loan help build my personal credit, or would it only report to business credit bureaus under my LLC?

Since the original loan was apparently for a primary residence an LLC could never qualify because it isn't a person who would owner occupy the property. 2.

Hi @Mary HollandDSCR loans are a great option for real estate investors since they focus on the property's income potential rather than personal income.

For example, they won't need to cover your personal belongings (furniture, clothing, etc.) because you won't be living there.A landlord policy should cost about the same as a homeowner's policy; it just changes what is covered.

@Jason Lopez You don’t need an LLC to rent out a house in San Antonio, TX, but it can provide liability protection by separating your personal assets from your rental property.

Unless you revise your plan and ensure that your personal use is under 10% of the rental use.

I will make that proposal to the person I am talking and see where it goes.

Would a HELOC or home equity loan on my personal home be a good idea to fund this?