These lenders are typically banks.In my borrower's case, he's going to close in his name and then transfer back into the LLC.

I've heard that LLC's can't technically buy residential property (using conventional financing) but that you may be able to transfer property into an LLC after you purchase it.

Unless there is some reason off the record here that I don't know about, I would URGE you ("John") not to take the $500,000 tax hit and transfer (rollover) those funds to a self directed IRA company.

This can mean having the funds there to wire transfer on a closing, purchase, etc.

(My guess is they are looking for other options with me to drive business which I don't blame them.)I must be missing something is the way I am presenting the deal since the current mortgage will be paid off so there are no due on sale clauses to worry about it seems like a pretty low risk deal for the bank since the risk is transferred to the seller who would be in second position.Anyone have a banks perspective on why they would NOT like to do a deal like this?

So is the deed recorded at the same time that transfers the property from her and her husband's trust to her name only.

Both properties I am looking at were last transferred in the 50's.

Your only requirement is to pay a transfer tax (nearly always $200.00 per firearm, but AOW is only $5.00 per firearm) to purchase one or to pay a making tax (always $200.00 per firearm except for machine guns; machine guns have been illegal for civilian manufacture since 05/19/1986).

I sign paperwork on a house this weekend and my attorney will be transferring the deed starting Monday.

All you're doing is taking money out of your bank (cash) and transferring it to the principle payoff of the property.