But then after the close, transfer it to the real LLC when it finishes being processed by the state?  

Could it be a token sale to transfer ownership on paper, or would it have to be a full-fledged sale to avoid flirting with fraud? 

In my opinion, the right you have as a tenant could transfer to the new owner, but other than that you would be considered a month to month tenant with a verbal lease.

@Timothy Metra Going off what Account Closed was saying, you can transfer it to an LLC after the purchase and there is the possibility of the bank calling the loan based on the "due on sales clause."

Remember: probate is a solution to a title problem that is just one way to transfer ownership.

yes. i thought NJ and NY markets are the same. it was the news all over in the world that attracts homeless to NY that the city using taxpayer money to house them. it's $2000 per person a month. google any NYC pay homeless, tons of news. non paying tenants, paying homeless....http://www.dailymail.co.uk/news/article-3995098/Ne...There was a news few years back that NYC panhandlers who own a few condo apartments by putting dirty make up on without getting haircut or some with a dog. this is one of the news even on International Business news.http://www.ibtimes.com/how-much-do-panhandlers-mak...no offense, why we want to invest real estate?

Hello everyone, I am wondering what's the process if an international investor (non- citizen) want to buy properties in the US?

Is it as simple as drafting up a promissory note with the agreed upon payment schedule, getting it notarized and paying $150 or so dollars to transfer the deed? 

Yardi Matrix has predicted we will also be the #1 rental growth market in the nation in 2017 with 10% year-on-year growth, and 8.5% growth next year.For some anecdotes, in the past couple months I've met a handful of clients who are all young couples that are professionals in their late 20's & early 30's, and are leaving the uber-expensive Bay Area and are looking to settle down here in Sacramento where housing is more affordable.Sacramento offers enough of a "big city feel" for Bay Area residents and has several colleges, major sports teams, an international airport, etc.

Could the dad transfer the property into a trust, naming you as a trustee, and a beneficiary. the income generated is property of the trust, the expenses are reported from the trust, you'd basically be the manager and he'd be the owner, as trustee you can make decisions,(you'd have a power of attorney)   but he'd still be the primary grantor/ owner of the trust, your compensation for management is paid to you from the trust.