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Updated over 4 years ago on . Most recent reply presented by

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Xela Batchelder
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During Offers - how to set up for possible future LLC at closing

Xela Batchelder
Posted

I've been watching a lot of Anderson Business Advisors videos on YouTube, and he had mentioned while putting in an offer that you could put your name and then an "OR" and then I can't remember the exact verbiage - but it is so at closing you can change it to an LLC (so you have time to create it). I would like to put in an offer and use this to create less of a mess prior to closing if I do decide to set up an LLC, but I have rewatched a lot of his videos, and can't find where he said the verbiage one should put in the offer. Does anyone know what it is? Either what Anderson Business Advisors have said, or if you use something similar? Maybe it was something like "Name or designated entity" - is that it? (I'm not doing wholesaling, I'm buying long term for rentals, so it isn't an assignment type of situation.) Thanks for any help or advice!

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Mike Cumbie
  • REALTOR®
  • Brockport, NY
4,459
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Mike Cumbie
  • REALTOR®
  • Brockport, NY
ModeratorReplied

Entity to be formed

  • Mike Cumbie

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