The LLC has no credit or anything, so when refinancing, how will the lender use any data to determine if i'm eligible for a loan on the property? 

When I say "yes" to someone after multiple other lenders say "no," I'm usually willing to share the relevant guideline that I'm citing with underwriting once appraisal is ordered and we're collecting the final paperwork needed for underwriting.

Always look out for good schools and low crime rates.Community Data Snapshots

Getting a judgment is different from collecting on a judgment.

Hello Everyone,I've been reading and collecting information to get involved in Real Estate I'd like to buy my first rental in the next 90 days. 

What happens in these situations is you minimize the risk that someone claiming the right to collect on the 1990 loan resurfaces, demands payment, and the title insurer has to pay.

All of which is factual data you can research, which is the basis for my statements to my clients and on biggerpockets. 

@Paul WinkaThe IRS has a terminology of "constructive receipt".If you have the control or means to collect the principal and interest upon the close of a transaction - then you should report the interest income.If the terms of the loan is lending $100,000 at 10% with interest and principal to be paid in 1 year.

I did the 1 month trial for his cash buyer data feed, contacted hundreds of people on the list repeatedly and got nothing.

You should also hire a 3rd party servicing company to collect the payments, pay taxes at the end of the year, provide the buyer with escrow statements, and report on their credit bureau.