If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.

Quote from @Bill B.: Are you assuming they are lying to you?

The property is 8.1 acres and has a two-bedroom, one-bath broken mobile home that is barely livable.

@Silas Melson most turnkey acquisitions barely cashflow and many investors overpay.There is a cost to being passive!

You at the bare minimum need to have all the standard amenities, and going above and beyond trying for unique usually pays off as well.

Purchase price: $150,000 Moved mobile home on bare land What made you interested in investing in this type of deal?

The conversation started "We have been very clear on solicitation another student (who I had met 2 hours earlier and whose English was so bad I could barely understand him so shook my head when he spoke when we don't understand but want to be friendly) told me you and him are opening an LLC and recruiting other students."

The home is in semi-rough shape... liveable (barely), but certainly not rentable. 

At Pink Development and Construction, we focus on smart strategies that balance risk and reward.

Quote from @Luis Pereiro: Quote from @Jay Hinrichs: what position that's an important factor.. bare land notes generally sell for a 20 to 30% yield.