Usually, the only cash that is required is marketing yourself, title services, etc.

No idea if this will damage the value (sales would not be as brand new property) or if you can restructure your share of the deal so you take title to specific units without a taxable event.

Title hasn't transferred.2 separate pieces of paper, one lease, and one option contract.

The banks also want to control the title company used.

can anyone reccomend some good websites, or books, or trainings cd's for title holding trusts.

That's usually done because the lender won't let you title the property in the name of the LLC.

Guess the Noobie title will stick for a while until I figure it all out.BackgroundI reside in Palm Beach County, Florida and a former NY'er.

The second thing that I don't like is this person is running his own brokerage, mortgage company, contracting company, and title company.

In the State of Texas, a Land Trust is used by investors mainly to effectively mask the identity of the owner.The common reason for needing to mask the owners identity is when someone takes over the mortgage but the mortgage stays in the name of the seller.

So that I may turn over the title to my LLC after or can I just purchase the property for my LLC right off the bat?