There is transfer tax doing it this way and I dont suggest it unless you first consult with an attorney.

Yes, that sounds exactly like what I am not supposed to do - but my lender and FHA independent building consultant are recommending the LLC option as if this is done all the time.

You need to take a step back, consult with investors at an REI club, on BP, or elsewhere who have been successful, do a lot of reading, then get going...

Given the potential tax liability ($200K or more) she needs to consult with a CPA experienced with tax advisement.

Or just buy the house in your name and then pay him as a consultant or manager or something.

The only way to know for sure is to consult with an attorney in this area of law.

Why couldn't you just invoice his company for a consulting fee - independant of the property. the fee could be for any variety of legitimate services that you have offered.If he doesn't pay - you know not to refer business his way.

Members might include contractors, surveyors, title offices, closing agents, RE consultants who do not list or facilitate transactions.

Find a local attorney who does evictions in your area, and consult with him.

I wanted to know from Biggerpockets do you feel A Realtor and Real Estate Consultant are the same thing?