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Updated 2 months ago on .

User Stats

36
Posts
12
Votes
Anshuman Thakur
  • Investor
  • Southern California
12
Votes |
36
Posts

Need guidance on Title swap

Anshuman Thakur
  • Investor
  • Southern California
Posted

Hello

I am in negotiation on a property in Ohio. I have seller financing and entity swap as 2 discussion points going on. My question for this group of knowledgeable folks:

- how does entity swap work ? Should I get a LLC in place prior to swap/paperwork? Will the title company put this property under our LLC name, and won't be required to legally inform HUD/tax authorities.

- will it influence property taxes once we move to conventional loan in 3 yrs? 

Looking forward to guidance.


Best regards

  • Anshuman Thakur