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Updated almost 5 years ago,

User Stats

21
Posts
19
Votes
Neha Mittal
  • Ridgewood NJ
19
Votes |
21
Posts

Buying llc along with property

Neha Mittal
  • Ridgewood NJ
Posted

I came across a property and taxes for that are low. The seller said he will create a new llc and transfer the property to that llc, then I can buy the llc. This way  the state will not reaccess property taxes. Is it fair and legal? Will a bank finance this kind of deal? Or maybe a private lender?

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