All Forum Posts by: Pradeep R.

Hello,

Will there be transfer tax in memphis if there is a quit claim deed done on a property owned by an individual to an LLC managed by the individual?

Thanks for the reply!

Does that mean if i choose a single member LLC (not list spouse and kids) i wont be eligible for FONCE exemption ?

thank you for the quick response 

The other concern i had creating an holding llc like WY holding the  TN llc is the franchise amd exercise tax. Would i be exempt on the tax if the TN llc is not owned by me rather WY llc does?  

I am looking into llc formation as well. Does it make it fool proof having a regular llc or a series llc hold the properties for a TN llc

The other question is - i have heard from a few just have a TN llc is a not sufficient enough as there is no charging order protection in TN so the recommend asset properties structure is -> put the TN properties into a TN llc and the create a holding llc in WY to hold the TN created llc

Let me know if this is really needed??

Did you get any help on forming the series llc? I am just herring started 

Hello,

I am just starting to look at properties in Texas and putting together a team to work together. I am looking for a house inspector who goes into every tiny details that need attention and uses a good reporting tool to look at the issues. Can you please share contacts who operate in Austin or San Antonio?

Hello,

I am interested in a property which is fully rehabbed, but the property is having laminate wood for flooring everywhere in the house.

The numbers work fine for rental income. The only concern I have is the laminate wood flooring.

It is a 140K house.

Hi Guys,

I am starting to finalize on the BRRRR deal. I would like to know your thoughts about the team i have in place. Let me know if I am missing anything for the process.

This is going to be all cash deal. Below is the team for now.

1) buyer Realtor 

2) house rehab company

3)underwriter company

4) House inspection contact

Anything else needed?

Hello,

I am getting started with my real estate journey. How do I find the list of financial institutions who do assumable loans?

Pradeep