Why do some sellers insist on cash only transactions?

That's not actually accurate and I don't know why people insist on using that word.It's actually a Sell from the Owner and a BUY from the LLC.The Transaction should generate documents on the sale of the property.

It's on a $2mln house btw....oh and am working with a realtor that I have done other transactions with in the past, but this sounds sketchy... 

@Koo Sharifi I would also caution overleveraging and cross-collateralizing assets if this is your first investment. 

There is a very good chance that you, as someone just getting started, already knows more about investing than most of the agents that you cross paths with will. 

I'n my limited experience, I have not been able to hit 1% through, lets euphamistically call it a "regular" transaction. 

You are a disqualified person to your Solo 401(k) and any direct or indicted transaction between you and the plan is viewed as a prohibited transaction. 

I dunno...I dunno...sometimes solutions cause more problems...Obligo really acts as a transaction coordinator/guarantor.

I live in Lake Bluff, IL about 15 miles south of the IL/WI border so don’t have a lot of contacts on the Wi side.

Hi all, has anyone hired and used a Broker of Record, whether it be a broker or attorney, to oversee agents/transactions for their real estate brokerage?