Natasha RobinsonVice President of Renovation LendingNMLS: 332074(312) 383-6263(773) 459-6811(312) 635-8982

Therefore, equitable title does not pass until the buyer has removed all contingencies and the seller may demand performance.As discussed in Sanford, one must examine who bears the risk of loss in order to indicate who holds equitable title to the property, and vice-versa.

I'm basically learning this stuff myself, so I'd hate to give out bad advice, but this is what I've been told by my attorneys so far.BTW, I went with a "manager-managed" LLC, vice "member-managed", for privacy reasons, not because it enhanced asset protection (unless you want to count the added privacy as another layer of asset protection itself).

Lawyers aren't accountants, and vice-versa (with some exceptions from those individuals that enjoy going to school a lot) so don't skimp, get it right the first time and get the advice of professionals.

I am the President of the Lubbock REIA". - Thats it!

Remember, what is good for legal is not always good for tax and vice versa. 

Just wanted some feedback and thoughts on the deal.Would it be wise to execute the 6-unit deal first then purchase a multi-family with an FHA or vice-versa?

He also serves as Past President of the St.

Be careful when exiting the deal as an example  because your Roth could not sell its share to your traditional or vice Versa.

You also should not be doing flips in an entity that holds your rentals and vice versa as they often should elect different tax regimes.