You'll still need to personally guarantee the loan and you as the borrower will be evaluated, but the property will be titled to your LLC. many people do exactly what you mentioned and form the LLC right before starting the process, so there's no issue there.

I recommend you check it out when you're evaluating bookkeeping options. 

Every deal / property has to be evaluated on its own merits.

To evaluate properties, negotiate agreements, and successfully navigate the purchasing process, make use of the invaluable tools, market data, and insights that your licensed real estate agent has access to.

Hi BiggerPockets community,I'm in the process of evaluating a condo in Columbus, OH and have attached a screenshot of the inspection report summary, which highlights several areas that need attention.I'm seeking:Estimates: Any rough estimates from experienced investors or contractors familiar with the Columbus market would be immensely helpful.

Right now I am in the study and evaluation phase and I may not need the TSP loan by the time I get to the first deal, but just trying to soak in the pro and cons of all options.Your feedback is definitely some strong food for thought on why it might be preferrable to avoid a TSP loan or keep it as a last resort when I am sure I can pay it back quickly.Thanks again for the thoughtful comment.Sincerely,Joe

While there isn’t an exact, commonly agreed-upon definition out there, here is a handy definition for this specific loan product:DSCR loans are mortgage loans secured by residential real estate turnkey properties, strictly used for a business purpose and underwritten primarily based on the property.Important note: DSCR loans refer to the specific loan type, and the “DSCR ratio” (debt service coverage ratio) is a metric used for underwriting and evaluating these loans (and other loans), but the metric and ratio itself are distinct things versus what is referred to as “DSCR loans.”Some key things to note in the definition:DSCR loans are secured loans (meaning that there is collateral that the lender can take if the borrower doesn’t pay back the debt).

@Carter McGillTo begin investing in real estate, you must educate yourself, decide on your investment strategy, evaluate your financial status, study the area market, connect with other local investors, find investment opportunities, secure financing preapproval, carry out extensive due diligence, submit an offer, and move forward.Learn about real estate investment by reading books, listening to podcasts, using the internet, and connecting with knowledgeable investors.

I feel like the medium of evaluation is on a seller's case by case basis, and the agent always feeling a need to have their own input to their own financial gains has deviated from the nature of business.

Hi All,What are you thinking on this home for investment:https://www.zillow.com/homedetails/1038-Colonial-Ave-Gardendale-AL-35071/913150_zpid/?Its meeting 1% but not sure about the location and interior work. Apprecia...