My name is Mike and have been “lurking” around Bigger Pockets for about a month now.

The name of the game here is capital appreciation.That brings me to the No part of the answer.

Hello, i am trying to buy a house from an elderly person but having alot of trouble the deed is not in hes name but hes fathers name and he has not been alive for 150 years i went to speak with an attorney and he told me it would cost around 2,500 just in fees for paper work  and we would have to visit hes office 3 times to get everything done as i do not have that much time to scedule appointments in advance to see him and i do not even know the elderlys schedule of availability  is this the only way or is there any other options around this? 

If you see "CPA" or "Enrolled Agent" or "Accountant" next to the person's name - you just found one of us.

Some of my research led me to believe that perhaps the joint purchase by a married couple (tax entity A) would disqualify me from the exchange, because the new purchase would be solely in my name (potentially tax entity B).2.

can I get it in my name then let it "season" for 6 months and do a cashout refi and pay him off?

Everything is still in the owners name. 

@Share Ross My last name is Boynton but unfortunately i live in a place much colder.

The note will still be in my name, however, outside of not having any difference in taxes, are they any pros/cons of having the LLC manage my property?

Allman, click on the person's name or photo to go to their profile.