And transfer your property into your LLC/SLLC via a legal trust that is a member of the LLC.

Jessie Newton if you have no contract with him I’m guessing you have no legal recourse, and even if you did have a contract you’d probably have to sue to enforce it.

Hello BP family, This is my first post on BP and first i want to say I am very thankful for the insight i get from this community everyday.So the question i have is, i was recently approved to receive up to 2.4 million for the purchase of Real Estate properties.

We have a great real estate agent and are going through the pre-approval process for loans now so we are ready when we find the right property.  

My legal advisor suggests keeping no more than $1 million worth of property per LLC.

This can lead to all kinds of problems including potential legal issues.

Legally, you must live there for a year. 

My current thought is to look for a small multi-family unit to get started; I'm looking around a cost that is around 60% of my net worth in full - but of course, I'd like to leverage a mortgage so the majority of my net worth can remain invested elsewhere (incl. other properties in the future).My current state (I'll add more as time goes on if folks are posting):* Just got pre-approved for a %5.25 loan from Quicken with 0 points...

The property is already hard money approved.

Do not rely on it for legal advice.