Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: David Lee

David Lee has started 1 posts and replied 3 times.

In Texas. Good to know that there is no tax implication. Is there going to be a 6 months seasoning requirement delay in claiming the homestead when switching from 100 percent llc to my personal name? I don't see this elsewhere. Thanks for your input.
In Texas. Good to know that there is no tax implication. Is there going to be a 6 month delay in claiming the homestead? I don't see this elsewhere. Thanks for your input.

I have a remodel property project that I am planning to switch under single owner 100% LLC and get private financing to finish the project. I am out of funds and I can get the financing only under LLC. Once I am finished and if the house is not sold quickly, I would like to switch under my name quickly and refinance it at lower conventional rates as my homestead. I will be then occupying the house for few years before selling it. Will I have a problem changing from LLC to personal homestead and will it cost me any additional taxes?