Thanks again for reaching out, and I hope we get the chance to connect more! 

@Bijan SabbaghiYou don’t that’s the challenge - we pull data from several places as a note holder and for example and currently we see less than 20% actually going to foreclosure as most are ending in bankruptcy right now due to borrowers equityThe ones that are under water are typically going back to the bank.Best bet is to find properties where deceased or maybe divorced to get higher chance of actually going to foreclosure

I’m not saying it’s impossible, just that your chances of success are very low.

Each situation, even the frustrating ones, is a chance to learn and grow.

Thank you so much for this and I definitely agree, by chance do you happen to know any good property managers in the Cleveland/Columbus area that you could connect me to?  

This is not by chance as there are many factors that determine a market’s RE price.  

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.

. $600 a month chances are they could rent it and make a profit and if it doesn’t go up as much as they were hoping they could simply give the house back to you in seven years.

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."

By any chance do you live in one of them?