When you look them up make sure the owner isn't a LLC and that there primary address is not the same as the property you where looking at.

So we opened up an LLC and he funded it with $100,000.

With respect to the LLC, you can continue to reuse the LLC since you’re not keeping properties in the LLC.

A 1031 exchange doesn’t apply, but funding through a self-directed IRA can defer taxes, though profits from debt financing may trigger UBIT.To reduce taxes, consider forming an LLC for better expense deductions, offsetting gains with investment losses, or holding the property for 12+ months to qualify for lower long-term capital gains rates.This post does not create a CPA-Client relationship.

No matter your level of experience, credit standing, or financial resources, Property Investment Funding, LLC is eager to partner with you.

Some will say its better to have it in a LLC and the trust own the LLC.

Several ways to skin that cat  ;)    With the DSCR lender, you could close directly in your LLC and it would not report to credit.

As far as I know, you don’t need an LLC but I would research it a little more if I was you.

DSCR loans are a great option for investors looking to scale their portfolio as they are property specific and allow you to close in an LLC

I have an LLC which holds a 505k mortgage on a house in the Hudson Valley that I currently rent out on Airbnb.