In my state, the SELLER typically pays for 1/2 the state transfer tax which might run 1-2% of the sale price depending on the municipality.

We are checking if the mortgage is assumable for her to transfer it to me.

The llc transfer is the easiest way to make that happen.

Hey Rollin,When transferring a property into an LLC from a personal loan of a business partner, you do have to update the title to reflect the new ownership structure.

If not, maybe you could transfer value from another project in your portfolio at a “not 50/50” basis to compensate you for the disproportionate outlays on your part?  

So, then you’d have change title to your personal name to refi using a primary residence loan, so you’d have to find a lender, FHA is out, which would let you Simultaneously transfer title to your name and refi at the same time…might need some luck on that one.Also it is Not a cash offer, which means you Already have the cash when you offer…..which is Why people prefer a truly cash offer, since there is No chance of the sale falling through due to the buyer being unable to get the loan (for their “cash” offer). 

The money was transferred digitally, but not part of the loan.Thank you!

@Leo Hunterthe smoothest workaround is to buy using your VA Loan benefit (seeing as the VA will only give it to you as a personal loan) and then transfer the title to your LLC - Read "How Do I Transfer Title of a Property from a Person to an LLC?"

I simply thought when I'm ready, I'll open a bank account and transfer it over.

What do you think about reducing the rent by $100 and transferring the utilities to the tenant's name?