I got licensed and have been learning brokerage and hope to transfer these skills into becoming a principal at some point.

However, if the LLC is purchased, that purchase is NOT a recorded document, and hence more difficult for a lender to ascertain, as long as the warranty deed itself is not transferred and recorded. 

In North Carolina, the transfer tax is $1 per $500 of sale price; however, in a few counties an additional amount (up to $5/$500) can be added.

Without NNN so he transfers more wealth to you?  

DO they cancel them or do they transfer over?

--I transferred all of my rainy day cash to the loan to get the balance down.

Some things to consider with the above suggestions of creating an LLC and contributing the property + $100,000.The basis the partnership has in the property is transferred from Person A.If person A's basis in the property is $100,000 but the value is now $200,000.The depreciation would be based on the $100,000 instead of $200,000 which may 'upset' partner B.Furthermore, you have to properly structure it so the IRS does not see it as a 'disguised sale'.A disuised sale can potentially occur when Partner B contributes $100,000 into the partnership and it is immediately transferred to Partner A.best of luck

And I wanna separate business from personal so I wanna get the loan in my llc transfer title to my llc.. 

Make sure at this point, you let the title company know if you want a check or a wire transfer for your profit.

You also can transfer the home into your LLC right after closing.