I’m still getting up to speed with real estate taxonomy, so I will need some time to digest the info, but it sounds like the easiest (at least from a legal and tax standpoint) is to start the LLC first, then get the loan.

If it's an investment property & you want to make it really interesting....separate the land & home @ the time of purchase.Own the land in another entity (or by your kids)now you lease it back....you get the depreciation of the 'improvement' (home) & you get to take the land lease deduction, esp worth it if the land is a significant $ value as per the assessor.Around here we found land values can be high because of the larger tracts of land.

Interesting question.Deja vu all over again.I've been in Phoenix for 25 years, primarily in commercial real estate; although, I have served as a receiver for raw land, improved lots, and tract homes in Phoenix and Prescott.

I found the BP forum and have been digesting everything I absolutely can.

All old tract houses have small eat in kitchens, outdated appliances, heating and air conditioning, etc.

I'd also phone the California Department of Real Estate to see if the agent's tactics fall within the real estate statutes and ethics of the profession.My experience has been that larger tracts, obtained by "packaging," invariably have a "hold out" that thinks their tract is necessary for a developer to move forward.

It digests data and presents it in a form where a person can use it to make decisions.

We just started getting REOs from local banks on homes and Tracts of land.

No exageration, the dog urine ate away a metal slider door tract.

I'm involved in all facets of real estate, from residential, land and commercial brokerage, to real estate land development, new home construction, the occasional renovation and enjoy real estate investing of all sorts, primarily buy and hold large land tracts.