It was a tax sale.2 - I have formed my LLC 1 month ago3 - My friend has recorded the property deed under his name because my entity was not formed yet, and I live out of the country.Now we want to transfer the property to my LLC.

I do that myself and offer the homeowner some money to help them move out to consummate the deed transfer or "purchase".  

It can reduce your tax burden now and once you leave the employer, you can transfer these funds to the Solo 401k.

Hello Bigger Pockets,I have a dilemma regarding the transfer of a property from an elderly friend of the family to me.

I am currently living in CA and was going to get my license here, but the "Allied school of Real Estate CA" doesn't transfer over to other states, and I plan on moving to TN in a year 1/2.

I started out as the executive assistant and than was transfer to business development.

If he is a sole proprietor or an LLC, you will need to issue a 1099 to him for amounts paid directly to him (not for material you bought and transferred to him).  

This way the property transfers from our portfolio straight to theirs.

I did a bit of research on the house and it seems the house was transferred to an LLC immediately after her husband closed on the house back in 2010. 

Is it possible/legal for me to transfer the ownership or sell my home to my corporation, or to another one I file, then pay myself rent, as well as deduct repairs and other property expenses that you cannot deduct from your personal residence through that corp?