All Forum Posts by: Emin T.

I forgot to say there is an old house, it will be demolished and a new house will be built.

The project manager will get the project drawn. Gets city permits. Goes and finds subcontractors. Bills my company for all management costs, material costs, labor ...

I am just writing checks and deciding room count etc, floor planning, maybe colors, only basic stuff.

Who should insure what?

Hi

My company funds a construction. It owns the house with no mortgage on it. A project manager will find general contractor, get permits and handle the all aspects of the project. 

Do I have to get insurance for my company also or all the accidents, burglary etc are covered by general contractor's insurance?

What can go wrong?

There is a clause in the contract between my company and project manager that holds harmless my company.

Thank you

Greg,

These are invaluable stuff. Thank you.

I've heard about trusts but only in context of times when you want to transfer properties to children.

Exactly what qualifications should I search for in a CPA? I am confused as to go to who? CPA/lawyer/RE advisor or the are there people in the intersection of all these?

Jerry,

Great answer, thank you.

I am the only shareholder.

My intention is not to pierce the veil. It is to reduce exposure to lawsuits. The company also has other properties.

Hi

I want to move a property from my C-corp to my name. 

How to transfer deed? 

Any payments or consideration necessary from me to company? 

Any tax implications? What about depreciation and tax resulting from that (Will my company pay tax because of past depreciation)?

Now if this was a profit transfer from company to me, I would have to pay tax. But when it is property what changes?

Thank you

Hi everyone

I am new to real estate. I have a couple of investments. Commercial and a construction now.

Interested in construction and storage nowadays.