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Updated about 6 years ago,

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5
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0
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Dennis M. Williams
  • Effingham, SC
0
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5
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Series LLC and Short Sale

Dennis M. Williams
  • Effingham, SC
Posted

Good morning all,

Being there's alot of real estate investors here, I figure someone could help with my situation or question. So I may have a deal that could end up with a short sale. From my research, I've been seeing that in order to wholesale a short sale, I must get the property contracted under a land trust, and when I find an end buyer I would sell that trust (or relieve my beneficial interests to end buyer for a fee). I have that part understood. My question is, if I own a series LLC, can I create a land trust under the LLC, then when closing comes, could I sell that individual series or land trust without having to sell the whole LLC? Please help me out with this. Thank you!