Starting in short term rentals.

[Shawn Marschke]

Hello everyone,

My wife, brother, and I want to get into short term rentals in our area. We are in southwest Michigan on the coast and short term rentals are great for our area. I have reached out and started getting good info from a local realtor off of here (awesomesauce). So I feel like we need to start an LLC to start buying property easier with private lenders. I have contacted what seems to be more business Lenders and one is saying they would do commercial loans for LLC's. So my first thought of getting started I'm stuck on is should we just get lending for one house and go from there or should we set up an LLC and get loans for multiple potential places. There is so many pros and cons of every scenario its hard to say where to start.

[Paul Sandhu]

Can you do a HELOC? I have an idiot-in-law that bought a STR with a credit card.