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Updated over 5 years ago on . Most recent reply presented by

User Stats

29
Posts
11
Votes
Bryan Weiss
  • Rental Property Investor
  • Huntsville AL
11
Votes |
29
Posts

Contract in LLC’s name, but deed in personal name?

Bryan Weiss
  • Rental Property Investor
  • Huntsville AL
Posted

Long story short, I was under contract for a lot. However, I’m not able to access the septic tank for inspection and the seller isn’t willingly to offer an assistance to access the tank or consideration to make the deal go through.

When this property goes back on the market, I want to offer on it again as my LLC, but a lower price to reflect the increased risk on my part.

Question: With a cash purchase can I go under contract as an LLC and then just have the deed in my personal name? I considered doing a contract assignment, but don't want the seller to look at the final documents and see the original buyer's name all over the paperwork and they try to back out (using standard TN Realtor's form).

I’m open to any other ideas on how to avoid the seller knowing it’s the original buyer they are under contract with.

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