LLCs are a legal tool, not a tax one.Transfer from personal name to LLC/Due On Sale ClauseIf one is transferring property title from personal name, a Grant/Warranty Deed would be drafted/recorded to transfer title.

Househack properties in 2024 sold 1-2 weeks faster than they did in 2023.Deals are tougher to negotiate as well. 2 of NYC's surrounding Counties (Westchester & Suffolk) are averaging above asking price sales on 2-4 family properties. 

To see how much a 1031 exchange will benefit you in a sale you must first calculate the performance of your current property.

You want to find a balance of investing experience, but strong track record of multifamily sales (which you can see on their Zillow profile).

That will allow good analysis of sale price appreciation and rental history. 

This is what I am encountering, in the current Mortgage Industry.If you think you will go FHA, Conventional, FHA 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

There’s no reason to go through a disaster (I'm mid recovery myself) and not get the financial upside by becoming the developer and selling a finished product versus raw land.If you have to completely rebuild, it’s a two year process at minimum.

James and his people who manage the program are nice and give basic sales and negotiation advice but not much that moves the needle in any situation.

What is the end product of your effort and where is it located, how long will it take to sell?

Hello Wade, We have a couple of list providers we use for searching public records for sales with seller financing.