Transfer property to LLC (no mortgage)

[Michael Colella]

Hello all,

I'm thinking about buying a property with cash in an upcoming tax sale. I'd like to transfer the property to an LLC. Does anyone have any experience transferring properties without financing to an LLC? I understand it can sometimes be tricky with a mortgage on the property, but is it relatively straight forward without one?

Thanks
-Mike

[Steven Hamilton II]

When you purchase it, have it transferred into a Land Trust with the LLC named as the beneficiary as to avoid your name on the paper trail.

-Steven the Tax Guy