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All Forum Posts by: Kyle Brinks

Kyle Brinks has started 6 posts and replied 13 times.

Nashville Real Estate Forum

Post: Transferring title to LLC with VA loan

Kyle BrinksPosted
  • Investor
  • Grand Rapids, MI
  • Posts 13
  • Votes 3

@ charles 

@Charles Biter this was my VA loan on the property.

0 Votes
Nashville, Tennessee
Tax, SDIRAs & Cost Segregation

Post: Equity Investment and partner agreement

Kyle BrinksPosted
  • Investor
  • Grand Rapids, MI
  • Posts 13
  • Votes 3

Hello,

I have worked out a deal with my brother-in-law to purchase an equity stake in his current residence and turning that into partnered rental property with him. This equity investment will allow him and his family to afford a down payment on a new home that fits their needs. We both like the deal and consider it a win-win.

I am looking for advise on what needs to happen to make this agreement legal, what to include in a contract, and what to consider when determining a proper investment price by me. 

Also, what are the tax implications of me giving him a substantial amount of money in the form of an investment.

0 Votes
Nashville Real Estate Forum

Post: Transferring title to LLC with VA loan

Kyle BrinksPosted
  • Investor
  • Grand Rapids, MI
  • Posts 13
  • Votes 3

I currently have a rental property near the Clarksville area and am considering transferring title over to an LLC. The property is currently financed with a VA loan and want to know the pros and cons of this strategy according to TN law. I cant be the first person who was done this.

0 Votes
Nashville, Tennessee