This tactic is legal and done ALL THE TIME.1) Create an Entity2) Register the Entity in the state you are operating3) Ensure LLC created is BRAND NEW and has not been used on any other transactions nor is attached to any business liabilities such as debt or connected to other deals or transactions.4) Recieve the articles of incorporations and operating statements etc.5) Find a cash buyer for your deal 6) Once a cash buyer is found you now transfer your LLC (100% of your membership rights and ownership) over to your cash buyer. 

TnxIf the creditor is still around contact them and see if they can tell if the former owner is or is not the debtor in the judgment. 

You can bring in the seller as debt or equity, use the equity in your existing CRE, as well bring in JV equity.

So Im looking to buy a long term home/townhouse/condo in the nearish future. I have 12-15K in student loan debt. I have enough in savings to pay it off but then I would have much less for a down payment. Id rather wai...

For example, I am a little concerned about some aspects of the business cycle recovery and a potential for a double-dip so I lean toward the safest part of capital stack which is debt (or low-debt equity).

What rates should I be expecting as someone in his 30's with no debt or payment problems? 

Meaning, how can the IRS track my existing debt on my sold property, whereby I need to have that same amount of debt or more, on the upsized new property that I would buy within the 1031 time frame?

If I sold I would put that towards other debt or try to find another deal out there to buy and rent. 

You're deciding between the age old question of "debt" or "no debt." 

Someone can lend you the money and has a mortgage against the property as security for the loan (debt). Or