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Updated almost 7 years ago on . Most recent reply

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Danny Lambert
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Make an offer in your LLC or personal name

Danny Lambert
Posted

When you make an all cash offer does it make a difference whether you make the offer in your personal name or your LLC name?

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Mike S.
  • Investor
  • Broward County, FL
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Mike S.
  • Investor
  • Broward County, FL
Replied
If your ultimate goal is to have the property under your LLC, you can maybe make the offer under a land trust that is assigned to you. For the seller, it will still be seen as being a personal offer. But after the sale you can reassign the beneficiary to your LLC without having to create a new deed and pay new registration and transfer stamps or taxes.

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