All Forum Posts by: Han T.

 Dear Michelle, I am just starting out and scrolling through OH related forums, I was just wondering when you say relatively lower taxes, did u mean that Northern Summit's tax is lower mileage compared to Cuyahoga County?

Also, if I may ask, when you say "POS but not escrow" is it only Garfield Hts that have such practice, or there are other village, neighborhoods in Cuyahoga County that practice POS but not escrow?

Thanks in advance! :) 

Thanks @Marc Hanson! Its very useful!

Wow this question is quite similar to what I have to ask. 

Instead of asking on business expense. I'll like to ask about funding the property purchase. Can I wire money from my personal bank account during the purchase of the property and then during the title transfer, transfer the title to the LLC instead of to me.

In a way, instead of injecting funds into my LLC bank account to fund the purchase... I inject the property into my LLC (But I don't transfer the title to me, instead it goes directly to the LLC).

Dear @Edward Brewington, could you share your thoughts on their property management services and fees? Thanks in advance.

@Simon Lee

I am also planning to set up my LLC. I was told by the registered agent that they only receive state and legal mails. I was wondering if I were to open a bank account, then the address that the bank would be mailing to would be the registered agent, which would be a problem.

How do you get around that?

@Matthew McNeil

I am also planning to set up my LLC. I was told by the registered agent that they only receive state and legal mails. I was wondering if I were to open a bank account, then the address that the bank would be mailing to would be the registered agent, which would be a problem.

How do you get around that?

@VB Phom yes this is indeed frustrating. Be careful to let the PM knows u have intention to fire them. At this moment u may need to quickly find another PM and only notify the current PM of the hand over the day the handover takes place.. Otherwise you never know what other funny stuff may happen if the current PM knows ur intention of the change.

@Ken Wang hi I might be going through a potential process in the future and I would like to check if you have an answer of the question u asked a couple of months back?

1. I was wondering how should I go about checking the transfer fee for the title company to help me make the change from my personal name to the LLC.

2. are there any stamp tax involved, or capital gain tax involved (unsure if the state recognise that as a "sale").

3. Any other fees and process involved apart from the transfer fee by the title company.

I googled and checked Legalzoom but can't find anything related to the a/m qns. For your kind advice thanks.

Hi Fellow UMich Buddy! @Sebastian Rivera, its amazing that you are starting your journey as a Freshman. You have ton of time ahead of you. 

Bigger pocket is definitely one of the better way to start your journey. If i'm not wrong, our Host, Brandon Turner has weekly webinars, I think it is a very good place to start. You can also read the Ultimate Beginner's Guide. https://www.biggerpockets.com/real-estate-investin...

Happy Investing Buddy! :)

Hello fellow investor! Good to see more people getting into the action. I used this as a reference for neighborhoods, just ot make it clear, its not made by me. Someone shared it with me.

https://www.google.com/maps/d/u/0/viewer?mid=1ZyLi...

You can check in this forum post which I asked previously. Some of the gurus shared good stuff in there.

https://www.biggerpockets.com/forums/12/topics/666322-classification-of-neighborhood