Therefore, the less you have to do to maintain good standing, the less risk there is for someone to get to through the entity to you.

I listened to a pod cast the outlined this scenario & you are walking on thin ice from a securities stand point.

I would wait until you get under contract, then establish the LLC and notify the necessary parties that the LLC will be the "buyer".If you did take your approach, I'd be certain to check with the appropriate state department to make sure the LLC isn't already taken.

You stand to make your money back from the cost of going to this seminar quite rapidly.

No third-party provider is going to give you all the information your own eyeballs can provide.

This cost no more than finishing a room and is worth the extra effort in standing above the competition.

ALL banks only make LTV loans, because LTV stands for "Loan To Value".

Depending on the chain they have a selected broker handling their growth and searches for them.The restaurant also has a builder that does spec work for them.Not all restaurants have free standing and some only have in line models.You have to see what the product mix is for the area.Example if 20 pizza places are in a 2 mile radius the saturation rate might be to high for a particular restaurant.They look at demographics,price for the land,required easements,traffic flow for time of day whether they are mainly a lunch driven business or dinner.Shape of the parcel for architectural work,flow,and what model of restaurant they can build there.Example a franchise has 3 size models.Data for the area suggest the biggest model.Your parcel would only fit their smallest building.In that case they might see about buying another parcel to increase size or find another location.Chain restaurants usually lease the space so they can free up capital to keep growing locations and their brand.

I know for a fact much of those are no longer standing!

I have a loan where a private party financed a deal, but they dont know how to file a Deed of Reconveyance.