I’m about to close my first deal and am eager to network with other investors, agents, wholesalers, lenders, and cool folks as I continue my journey. sup Hey James, Cool last name by the way

This would require tenancy in common which lenders typically won’t allowTransferring ownership from personal names to LLC is straight forward with a deed transfer and re-assigning the tenant leases.

Whover owns the LLC should be signing. you do not sign the documents as the name of the LLC, you sign them with your name as Member or Managing Member of the LLC. 

The property will be in my name only.

EDIT: Just realized I read that wrong and thought the poster was the seller. 5% rate and 5% down is a sweet deal, take that if you can get it!

Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.

Quote from @Shaun Ng: Hi, I recently have a legal name change, and I own 2 rental properties in Fairfax county, VA.

It's so easy to have some magnetic signs hanging around to throw on your other vehicle if you want to go do a bid and not take your big ole truck.I have no answer as to why they don't take advantage of this.....it's just dumb (maybe there's your answer :-) I have the company name on 3 out of 4 work trucks .

When analyzing potential investment opportunities, one thing you can't afford to overlook is projecting those sweet returns.

Short, sweet and right on the mark.