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All Forum Posts by: Maryann Lacey

Maryann Lacey has started 4 posts and replied 5 times.

Post: 1031 exchanges has anyone found accountants who will do it?

Maryann LaceyPosted
  • Investor
  • newburyport, MA
  • Posts 5
  • Votes 1

finding accountants to help do a 1031 exchange.  It seems like I have lined up the lawyer, and the intermediary but

the accountant I use is apparently not versed in 1031 exchanges.  Does anyone have any suggestions?

Post: Charlotte,NC

Maryann LaceyPosted
  • Investor
  • newburyport, MA
  • Posts 5
  • Votes 1

thanks for the quick response.  I plan to head down there before october.  I would love to attend a few investor meetups.  I will in touch.  Maryann.  Also, my location is northeast of Springfield, Ma...on the NH border.

Post: Charlotte,NC

Maryann LaceyPosted
  • Investor
  • newburyport, MA
  • Posts 5
  • Votes 1

Looking to connect with investors in Charlotte.  I am interested in getting to know that city.  I am interested in making a visit to learn about that market and possibly even investing there.

Post: setting up business account/s

Maryann LaceyPosted
  • Investor
  • newburyport, MA
  • Posts 5
  • Votes 1

Hello, I just set up an LLC for my second investment property. I plan to put both properties into the 1 LLC since neither of them have much equity. Someone once mentioned that it is common practice to set up 2 different banking accounts for the 1 LLC. Is this common practice and why? Thanks for a response.

Post: quit claim deeding from my name to my LLC

Maryann LaceyPosted
  • Investor
  • newburyport, MA
  • Posts 5
  • Votes 1

Hello!

I am a newbie and I am hoping to get advice. In order to get the mortgage on my second out of state turnkey property, I had to buy it in my name. I just set up an LLC with Incorp. and now I was told to just quitclaim deed the property into the name of the LLC? I don't know if I need a lawyer to do that or not? I don't have a clue how to do it myself. I also want to know if it makes sense to have my accountant or else a lawyer or else both check to see if my LLC is set up the right way? Or would Bigger Pockets be the place to research to see if my LLC was set up the right way. I understand that I will need to have the insurance policy and the property management agreement changed to reflect ownership being the LLC. By the way I am in Massachusetts if that matters?