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Updated about 8 years ago,
MM LLC Conv. Financing through Members
Hello,
I've been a long time lurker and finally have decided to join the forum.
As we are doing conventional financing through members of the LLC I was thinking about financing and placing the property into a Trust and have the LLC be the Trustee and Beneficiary to keep the deals legally as part of the true owner the LLC.
Currently, there are a few properties owned by the LLC and we can cash out refi through existing members credit and buying more properties.
My question is which kind of Trust would be appropriate that would still give the LLC full control of the property?
Thanks,
Ted