All Forum Posts by: Joshua Hill

I have recently had an attorney set up a quitclaim to change the title on my rental property from my personal name to the new LLC. I have two mortgages on this property that were originated in my name. I have asked the attorney about the mortgages being called in and he said they likely would not do that however they certainly could. I just cant get comfortable with that answer. So I wanted to ask the forum of any experiences with this and what was the outcome? Any info greatly appreciated

Greg, I just recently got the Quitclaims done.
The title company instructed me to take them to the county and have them changed on public record. With this I would be required to pay doc stamps (about $2000). Is this required with quitclaims , transfering from personal name to an LLC?

Thanks for your help, how safe or protected are Roth IRA accounts from creditors ?

What is the best way to find a RE Attorney and what can I expect to pay for services. I am wanting to change the title in my rental properties to an LLC

Does anybody know of any brokers or banks doing 90%LTV Stated Income HELOC for investment property?

I invest in ETFs and index funds. Individual stocks have too much risk for me. I dont want to end up with an Enron or Bear Stearns. A top energy and financial company going belly up. It can happen, but it is hard to think a whole sector or country can go belly up. Some good values out there. The XLF (financial sector ETF) is paying a 4% dividend and has a P/E ratio of 10. I know all the media is trying to explain how our whole financial system in the United States is in serious trouble. It may be in minor trouble and this sector has been beaten down to a point of great opportunity. Just my opinion, but I am starting to buy the XLF. Great deal right now.

I am in a tough position. I am struggling with meeting my family needs with my income. I am able to meet my monthly expenses ok, but I am working 60-70 hours which I personally dont mind. However, my wife is always in my ear about being at home with the family more. The big solution I am thinking about is selling my house. My rental units are doing ok and I dont want to change anything with those. I bought my house for 292K 3 years ago. I could probably get 260K for it now. I am ok with taking a loss and buying something around 150K. I just dont want to regret it if I sell now and 1-2 years later, I find out I could have sold it for 350K. Should I get out now or tough it out for a little while and wait for some more appreciation? I live in the Tampa, FL area. Thank you kindly for your input.

I love the commodity ETFs Gold, Silver, and Oil (SLV, GLD, USO).
With the Republicans borrowing money from other countries and the Dems raising taxes, we are all heading for further inflation. Both parties continue to spend money like drunken sailors. I just dont see how there can be a different outcome.

Do retirement accounts offer a layer of asset protection? If as my rental portfolio grows, would it be a good idea to funnel more money into my workplace 401K and Roth IRA account? I have heard that these type of accounts are somewhat protected. Anybody know or heard this as well?

Thank you very much for the advice. I think I am going to give it some time, it is mentally tough. I need to do more cardio exercise and just keep at it. I hear what you are saying about everyone is different though.