Buying LLCs instead of buying Houses

[Matt Sora]

If I'm wanting to purchase a house and to avoid the property taxes going up can I have the owner drop it into a LLC and I buy the LLC from them to avoid the property tax increase? Also could I still use a mortgage to purchase the LLC? If not how do I finance?

[Chris Seveney]

@Matt Sora

One thing to be aware of when buying a LLC is if there are any loans, judgments, debts etc you are taking responsibility and liability for all of those as well. Make sure you have an attorney write up an iron clad contract