Forming an LLC for investment property

[Larry Graham]

Can I buy an investment property with cash and then form an LLC, signing the property over to the LLC after I already own it? Or would I need to form the LLC first?

[Account Closed]

Larry,

Since you are doing an all cash transaction, you could first fund the LLC with the cash and then have the LLC be the buyer. You then eliminate any due on sale / transfer tax issues.

I do like Ashley's suggestion.  Most of the properties I have purchased go into a land trust with a corporate entity as the trustee.  A land trust is a powerful tool when you learn how to use it.