New LLC purchase power?

[Scott Arno]

Hi everyone,

I'm starting out in real estate and I'm going to create an LLC. I don't know a lot about entity structure yet - still in the learning phases, but would a lender finance a new LLC with no credit history for a single or multifamily home? My current plan is to mortgage either SFR or MF in my name then through an attorney sell it to my company for $1. Am I accurate in my thinking? I have a feeling its somehow not that simple.

Thanks,

Scott