Subject 2 Structuring

[Terry Royce]

I have a seller who is open to letting us take over the payments.

The way we were looking at structuring it was to have the seller put the property into an LLC, and have an operating agreement that lays out the structure/terms. This way the seller is still on title technically, but by way of the operating agreement we have the ability, to rent/rehab etc.

Any input would be appreciated!

[Wayne Brooks]

Transferring into an LLC is same as selling to you, as far as any due on sale clause, as it is Not technically still in the owner's name.