So here's my situation: my fiancé and I are doing owner financing on a horse farm where I run a very successful sales and training business. It's been great for the last 3 years, but the owner has since given us notice that they can no longer carry the mortgage and were looking to switch to a different fiance option. With that said, I am personally in the middle of a law suite that prevents me personally from being involved (I think?) in purchasing it. We thought about putting the farm in my fiancé's name, and having my business sign a 99 year lease on it, which would hopefully leave him open to buy additional property as we grow our investment properties. We're trying to form an LLC to purchase some rentals and rehabs as well. Would love any advice on people who have bought property through business trusts, forming an LLC vs The trust, or advise on him buying the property personally.
