My 02 cents, there is only so much risk transfer a landlord can count on.

But you can transfer existing property to a newly formed business entity, the issue with a N/P is the interest of the Officers being compensated.John, great!

When you are uploading, you are sending a file to somewhere else.FTP is an acronym for File Transfer Protocol.

Then even if it sells right away, you frequently have to sell more than once when your first buyer's financing is declined.Second, you haven't accounted for any carry costs or closing costs: transfer taxes, recording fees, attorney and/or title company costs, property taxes, empty house insurance, utilities, etc.Third, if you pay 13K interest on 67K for 4 months, that calculates out to 77% interest.

Dion is correct in that the transfer of title can be done at the same time as the closing of the new mortgage.Consider yourself lucky.

People can send money via a computer, it is called a wire transfer and that is one of the most common accepted means of funds for title/escrow companies.

I am not sure that it would be easy to transfer ownership into a LLC after the fact.

The only link is where you transfer funds from your LLC to the 401k plan to make your contributions.

My guess is because he is in Pennsylvania, and the PA Dept of Revenue has some really silly rules on Real Estate Transfer Taxes; they want to collect full transfer taxes on each assignment!

it could have been a transfer between relatives, where one only wanted to be paid a small amount for their interest.