Seller wants to do title transfer

[Mel Cosio]

I'm establishing a TIC in order to make a big-money (for me) purchase - 750k. My company is putting up 500k and partner is putting up the rest. Potential profit is about 300k.

Seller wants to do a title transfer instead of a regular sale. I'm leery, but want to make it work.

Would love to hear feedback from experts on this. What should I look for? What are the absolute "must-do's"?

Thanks for all responses.

[Dave Foster]

@Mel Cosio even in a quit claim or title transfer there is still consideration being given in exchange for the property.  That creates a gain for them and a basis for you.  That's not what would worry me.  What would worry me is is they were wanting to transfer title without offering proof of clear title.  That's why title insurance exists.  And it's the best thing you'll ever get in a real estate transaction.