Typically when a purchaser buys a center there is roof warranty that transfers to the new buyer.

No money needs to transfer or anything like that. 

I just want to confirm, I am not opposed to LLC's and have them, but 99% of people set them up wrong by first buying a proeprty, having a loan on it, then just transferring it to the LLC.

We are buying the building itself, furnishings etc not transferring their Llc.

Fortunately with this being a hotel asset you are better equipped to coordinate the necessary vacancies to proceed with the improvements.

(side note: you can still tell that you bought the property in your own name and did a deed of transfer to an LLC when you look at the chain of title. 

However, we also want to make sure we start off strong with a seasoned PM and then possibly take over in a year (but reviews may not transfer?).  

It's also possible to participate in a 721 exchange where you might transfer the capital into an investment vehicle such as a syndication if you still wanted to participate in the real estate game without the tax hit.

While the county makes money (premium bids) from the sale of the tax lien the county makes nothing off of the transfer of ownership (deed) of the property.

Per the complaint:On October 20, 2023, Drive Planning transferred $3.1 million from Drive Planning’s JPMorgan account to MarineMax for the purchase of a yacht called “Stillwater”.