Hard money is more intitutionalized, private money is more people you have established relationships with.

We have found that staying in front of the lead and establishing yourself as the most knowledgeable agent in the market makes a big difference. 

Check out prepaid legal to get part of your group together at least you can find a competent real estate attorney to look over your contracts,etc.Then you might want to form an LLC and purchase a small established business perhaps an Internet (one that does not require daily hands on management) for under $200,000 that generates income) We found a couple for our clients one costs $179,000 but generated $120,000 per year in adjusted gross income.Then purchase your 2nd and third home and you will be set money wise and able to meet your obligations easily.You have a plan and that is wonderful.

Plus, each one has to establish its own credit if you intend to buy through the LLC; not easy to do if you're starting from scratch.

Since they're already established with my banks, can I advance all 25k from all LOC's or will they stop loaning to me?

If you are graduating from a 4 year college, you are wasting your education to get a job as a receptionist.If you want a low paying job with your 4 year degree, at least start applying for jobs as junior loan officer in established banks.

We love to rent to dogs and go through a dog interview to establish whether or not the dog is friendly, attentive and the relationship between owner and pet.

Those guys wil sometimes take very low offers.If the home buyers are back in the market, they are happy with the price and as properties start to sell at the current price, that becomes the established price.

I know it would take some time to establish credit that way.

However, I was wondering if it would be a good idea to create the company name and establish the LLC sooner, so I can get a head start on establishing business credit.