Talk to your lawyer/accountant about the implication of land transfer tax on this, as it will be based on the future value.

The hard money lender said it is because I don’t have a financial stake in the LLC.The whole thing feels to me like if I was trying to transfer money from my personal checking at Bank of America to someone else, and that someone else required me to get Bank of America corporate to sign off on the transfer.

Investment Info:

Single-family residence fix & flip investment in Lombard.

Sale price: $635,000

This was a house that one of my investors bought and rehabbed. I added the before and after photos

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Join me at The Sloan's Lake House Hacking Meetup https://meetu.ps/e/KtKly/PFlmT/i

My R/E agent has been pushing me to sell the property b/c he says the market is hot, rates are low, and demand is high.They suggested an ask price of 2.7mm. 

It's great to network with people who are already operating in the 5+ Unit space, having said that I live and invest in your market, and would love to connect with you as well and help out anyway I can.We will be posting our event soon, to stay in the loop feel free to join my e-mail list here to get first updates on all future events: http://eepurl.com/hLdwBz

@Michael E.

Sounds like this is an actual contract, not the assignment to transfer contract.

LLC Misconceptions and Educationshttps://www.biggerpockets.com/... transfering personal name to LLCThat all being said, yes you could structure the deal differently. 

HiI have W2 income and short term rental income reported on Schedule E.