Over the years we have held to this formula and at the end, we may have left some money on the table but we have gone under contract within 2 weeks of putting it on the market. 

Your LLC can borrow money, but YOU will need to personally guarantee the loans (like co-signing).

In my experience, this strategy actually strengthens your personal finances rather than hindering them, provided the assets generate positive cash flow.

Hey Lamar when i started investing in 2008, I was scared sh&*less.It took me 18 months to do my first deal.Fast forward to 2011 and we've averaged over 100 flips per year on average since.The biggest thing that held me back was that I thought I had to learn everything first. 

From what I have researched they seem legitimate but the person I am working with is flakey, takes forever to answer questions so I thought I would see if anyone else had experience with this lender.  

You can best of both worlds by selling the house to yourself in a privately held corporation.So from a tax lens, the decision comes down to whether you want the immediate tax free exit, the 1031 exchange route, or the long term depreciation and cash flow from keeping it as a rental.Good luck and happy to connect.

That would make sense if you are also the type of person who doesn't use facebook and never posts on social media sites like this one. 

If you’re planning to BRRR, consider the hit to your personal credit.

And personal guarantees?

My current mortgage is $1480 a month.I also have approximate $50,000 in both car loans and a home improvement loan for my personal residence.