I want to start advising my buyers to use land trust transfers when we acquire properties that have underlying notes since we are seeing an increase in notes being called.

After speaking with a real estate attorney, they had recommended transferring ownership of the property from the land trust into an LLC and dissolving the land trust.

I think you could split after sale for a non-taxable event, the total basis transferred in would be split across the two "new" properties.Calling @Dave Foster to give his insights here, lots going on in this one.

They helped us contact the real estate board and got the old manager to transfer all security deposits and back rents over to them.

I don't see why you would want to go through the hassle and expense of transferring the property into an LLC after the purchase was already completed.

What if the lien was transferred into your name?

I purchased a tax lien that was sold the next year with a “warranty deed” The lien was for 2022 taxes and the deed was transferred in 2023. prior to the transfer there is a long history of tax sales and different names paying taxes including a previous investor. how far back does the line of interest go and would the previous investor be considered someone who “holds interest” in the property?

Because when considering the complexity of transferring funds between LLCs and the desire to streamline real estate operations, establishing a holding company maybe in my primary state of our holdings seems right?

Transfer tax on the purchase and also the sale.

Yep - bought those tapes back in the 90s and listened to them all!