[size=18][/size]In my opinion and I am not an attorney Assigning a contract is alright because you are transfering your rights to purchase for a fee.

List price $440,00016- 1 br units; one building; upper and lower units1 vacantOn site leased laundry (2 machines)Landlord pays water and gasTenants pay electricRevenue per unit(stated):11 @ 4151 @ 4402 @ 4301 @4201 @ 410Laundry $1100/yrTotal Rev $81,320/yrExpenses (stated):Gas/electric $8626/yrWater $4300/yrTaxes $8000/yrIns $3000/yrYard Maint $1490/yrTrash $804/yrTotal Expenses (stated): $26,220/yr (well below the 50% rule)Tax information: last transfer 1999; 54.2663 mills for non-owner occ.; current SEV $162,400; taxable value current $145122From the listing agent: Nice old lady has owned them for 30 years; built in '70's; currently has one vacancy; all units are 1 yr lease; half of tenants have been there for a very long time (years); other 8 units turn about 1x/yr; great neighborhood; upscale community; walking distance to downtown; roof is 4 years old; hot water heat (LL pays); "A" propertyHave not seen the inside yet, from the pictures I've seen the kitchen/bathrooms are outdated.

If you could make liens go away by transferring titled... that would be very helpful and a great scam!

Bought a house off the MLS that had sat vacant for over a year due to job transfer.

But if I do sign for the loan personally is there a way to get the property into the LLC with having the loan called or other problems related to transferring property?

if i put the seller and a t/b into a l/o and then want to assign do i transfer all that money to them?

Then, indeed, you would just sell it again.Using a contract for deed is a way to avoid actually transfering ownership, and avoid the DOS.Jon

I like to ride by the transfer sales in the Sunday newspaper and check out the square footage and appreciation since the last sale.

On a double close you will need the appropriate costs to cover any title costs, notary and transfer costs.

I can speak in general… Not specific to your State or to a living trust… I can say, that usually with almost any type of trust, there is some sort of deed (quit claim or other type) that is prepared and recorded to transfer the ownership to the trust… So my opinion would be yes!