Purchase price: $305,000 Officially closed on my 2nd property.

Purchase price: $305,000 Officially closed on my 2nd property.

You, of course need to have a written agreement with them before selling the LLC to them and you will need to officially transfer ownership of the LLC to them using the legal means mandated by your state laws (check with a local RE attorney).This strategy is better than a double close because it's less risky and better than assigning contracts because offers are often made under LLC's so will be accepted more often than offers that stipulate assignment of contract.If you are already under contract under your own name or under the name of an LLC you do not wish to sell (like your company LLC), and your contract is not assignable, then you may be stuck with a double close.

Hi Trent,I suggest you and the family member meet with a lawyer and make it official.

Wyoming doesn’t list LLC members on any official docs.  

Exceptions are made for authorized family members, police, courts, official government business, and where the utility determines that the public interest in disclosure clearly outweighs the public interest in nondisclosure.”That said, it may still be worthwhile to submit a public records request.

Guess I'm not officially banned

We are extremely proud to launch our book The Self-Managing Landlord  and it's officially out!

According to the official website TenantCloud is CA privacy law compliant.

It's just I came into this with a background as a classroom teacher and high-stakes language exam coach and I really didn't understand the immense help that my experience managing the student-teacher relationship has given me in learning how to manage the landlord-tenant relationship.I also had no clue how much of a leg up that same experience had taught me to deal on a personal basis with public officials such as magistrates, code enforcement officials, court clerks, and of course law enforcement officials, here in PA most notably our state constables.The last thing that really helped has nothing to do with me.