Quit watching taped seminars.

In my little real estate dictionary, assign is defined, "To transfer property, or an interest in property."

From what I have learned from book and tapes so far I am going to focus on Lease/Options and Foreclosures.

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.

It doesn't sell books, seminars and tape series- but lordy, its the truth.

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.