AND DO THINGS BY THE BOOK NO EXCEPTIONS NO COMPROMISE.

Everyone will tell you to run the numbers and don’t compromise on your criteria.

I’m not a lawyer but I suspect they would compromise a good deal of that protection if you were to use it as an investment related property while not living there.Is there a specific deal you are trying to fund or do you just want to have the cash handy?

You could go get a duplex in Newark if you can find one in a decent enough area but if you’re looking to get rid of your rent expense near NYC you’re going to have to compromise somewhere

No one has provide any case history (probably because it varies by State), but, in short, using your personal name / ownership temporarily really looks like you are using the LLC as an “alter ego” of yourself this compromising your corporate veil.

More money is not worth compromising your integrity by going back on your word. 

Ultimately, communication and compromise are key to securing the perfect deal for both parties.

Save this for cases where the time on market is high and the owner is struggling to sell.Stay in touchIf a seller won’t compromise, keep tabs on them.

Those sellers who do stay in the market or enter the market this time of year will likely be motivated to compromise more than they have in recent years.

In some states it’s considered taking advantage of them, since they are in a compromising position.