I was wondering if this was a viable strategy to generate consistent income and quickly add income history to a newly formed LLC in order to qualify for line of credit (or getting approved for a conventional mortgage): Transferring a property (owned free and clear [no mortgage]) from my own personal name to a newly-formed LLC (via a land trust? what are some of your suggestions), and then selling the property via owner-financing (which in this case, the owner/seller being the newly-formed LLC).

Is this a viable way to show lenders that the LLC is generating income, and therefore make the LLC more qualified for various financing opportunities (despite it being pretty much completely new)?

This is, of course, assuming an LLC can even owner-finance a sale of one of its properties. And if so, during the seller-financing contract write-up (and eventual loan servicing agreement), all the difference would be that instead of using my own name in the paperwork, it would be under my LLC's name, correct? (Sorry if my grammar seems to be a bit off in this last paragraph lol)

Thanks! I'm barely getting into REI, and was wondering if even forming an LLC immediately at the get-go is the right way to go if I'm planning on owning several rental homes in the future (and just fyi... basically my potential first investment move will be the seller-financed sale of a property that I own free-and-clear- hence this discussion post).

Thanks in advance for taking the time to answer my questions~