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All Forum Posts by: George Gallagher

George Gallagher has started 2 posts and replied 3 times.

Pennsylvania Real Estate Q&A Discussion Forum

Post: Transfer ownership to an LLC

George GallagherPosted
  • Monroe County, PA (the Poconos)
  • Posts 3
  • Votes 1

I bought a duplex in my name and wish to transfer it to the LLC I just created. It is located in Luzerne County, PA.

A more seasoned investor (form outside this area) told me to quit claim the property from myself to my LLC. Simple as going to the courthouse and do a "form and a fee". What I want to know -- and cannot find out -- is this. If I transfer ownership from myself to my LLC, do I also have to pay the real estate transfer tax? Some people tell me "no" and no one has been able to tell me "yes".

Has anyone in here had a similar circumstance?  Thank you in advance.

GG

0 Votes
Local Real Estate Networking

Post: Networking in Pennsylvania-Scranton,Lehigh,Allentown,Philly,etc.

George GallagherPosted
  • Monroe County, PA (the Poconos)
  • Posts 3
  • Votes 1
Hello John.  I'm from Scranton; live in Poconos; investing in Luzerne County.  I am a newbie also.  Should close soon on my first property (duplex) and I am networking with contractors and providers of all sorts.  I am looking for a management company also and welcome references. 
Please stay in touch. 


Originally posted by @John Richardson:

Hey everybody!  I’m up in northeast Pennsylvania and looking to network with like minded real estate investors.  I’m a newbie so any advice offered is greatly appreciated.  If you know of any meetups from the Scranton/Wilkes Barre area to Philly, Lehigh, Allentown, Easton, etc. I’d love to be involved.  Thanks for the help guys. 

0 Votes
New Member Introductions

Post: New member eastern PA

George GallagherPosted
  • Monroe County, PA (the Poconos)
  • Posts 3
  • Votes 1

im here to learn and grow

1 Vote