If you think you will go FHA, 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

This process was started before I discovered bigger pockets so I feel very fortunate that there were no major pitfalls.Before After

If you think you will go FHA, 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

Point B is where you can create new equity and if needed discover this is a bad deal.Franklin

If you think you will go FHA, 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

After about 4 months of what felt like 24/7 renovation we discovered original hardwood floors, pocket doors and many other features that had been covered up.

I was shocked at some of the places I discovered, even though I've lived in this area for over 30 years.

However - I have 2 condo units in a building which I discovered while riding my bicycle around with the dog.  

Another problem discovered with hard money lending: so far, I've been told I have to flip the house or rent it out after repairs are made.

I always start with the rental rate first, because it's a lower number (and based on sales sequencing, I've discovered that starting all discussions with the lowest number possible eliminates sticker shock as an objection).