Hey all, I was told that if a person were to buy a property with their personal credit and within 6 months of owning that property they "sell" the property to their own LLC; at that point that individual can then write a letter to the credit bureau that the property has now been transferred to an LLC and is no longer tied to their SSN and personal credit.

At the time, I was involved in stock market investing with my individual account and I loved it.

I think that the major CON to doing a blanket loan is that there are quite a bit of costs upfront to qualify, they take a long time to close, they have higher stipulations within the loan and it is difficult to deal with each property individually moving forward.  

Pick an individual loan officer who is good.

I am always to connect with like minded individuals in the Houston area.

From what I have looked at and listened to many, I have noticed that that somebody's thought about licensing gets many pros and cons depending on the license status of the individual. 

Nonetheless, BP is a great resource for you to develop knowledge and connect with like-minded individuals.

Can't wait till I get so busy doing this stuff I can occasionally stop by on breaks to assist others starting out with my experience

Additionally, funds that reside in someone's individual bank account do not need to be sourced after 60 days*.As an explanation, a borrower would need to show two statements with the funds present subsequent to the statement where they were deposited.

Individuals on title need to agree to sell the property.