Thanks,Bryan (also from PA)Yes - that's the way it works - the property is the LLC but the loan is to YOU.There are lenders that will lend to an LLC as the entity, but then you're talking a much larger scale - larger loan, usually must be a commercial property only, and higher rates/less favorable terms.

Hey there daryl,That might be a problem but if you have the money for a large down payment it shouldn't be a problem with a good co-signer!

No garage but large two car covered parking and a third covered walkway to double-doors.

I get intimidated in large groups but have found myself confident in smaller groups and 1 on 1 conversations.

Instead of selling of the loans on the secondary market to Fannie Mae, the loans are either sold to large Wall Street investors or held/serviced direclty be the lender.

He said to have 500k of LL insurance on each property, and most important an UMBRELLA policy large enough to cover ALL assets.Chaz....

My questions for you fine people:1) How do I find houses that have been foreclosed and are available at a large discount?

Miami clearly has a large condo market yet none of that shows up in the data.

Looking for some advice for someone who has never invested in RE...About a year from now, I'll be fortunate enough to receive a large sum of money (well into the six figures).

I started my career in 1996 in public accounting and worked for two of the Big Four and a large local firm.