Leveraging Properties if I Switch Properties to LLC

[Christos Philippou]

Hey everybody.. I hate feeling like I don't know anything and I get stuck doing research on my own without any valuable answers, so alas I turn here...

I've been doing a bunch of reading about LLCs and "should you create one or not" etc... I don't need advice on whether or not to set one up, but I do have a specific question about leveraging what I have...

My situation: 2 properties, titled in my name and my wife's name, both are fully paid off with NO mortgage/loan on them. What I figured I would do over the next X months, is leverage these two properties by pulling out HELOCs/LOCs and continuing to grow and acquire more properties. Now, my question is...

If I move these 2 properties into the name of a newly formed LLC, can I go to the small local banks like I had planned on and still get these HELOCs/LOCs?

If so, will the rates, fees, terms etc. be significantly "worse" than if I was doing it under my personal name? Thanks friends.