All Forum Posts by: Sebastian Hauer

Hi.  Can anyone recommend a good agent in the Cashiers/Sapphire area?  I'd appreciate it.

Thanks,

Sebastian

@Jay S. I'm also interested in lenders that can do 85% LTV DSCR loans.

Thank you @Jennifer Gligoric.  Just to clarify, I took title in my name with a warranty deed. I've finally found a good local attorney who is going to help me with the title transfer using a warranty deed.  He seems very thorough.  The previous two attorneys I've spoken to just wanted to do a QCD, they didn't see the point in me wanting a warranty deed for this type of transfer.  Price-wise there seems to be no difference either. 

Hello Biggerpocket community, I'm an investor from Charleston, SC.

What is the "right way" to transfer the deed of an investment property acquired in your personal name into your LLC's in SC?
Is it as simple as a quitclaim deed or should it be a grant/warranty deed? Also, what are the tax implications, especially regarding depreciation if the deed is in one's LLC's name?  My CPA suggested I need to make sure the transfer price is the same as the cost of my original purchased.  How do I properly document that with the title transfer?

I'm currently reading Sutton's book "Loopholes of Real Estate" (pages 184-187) and he suggests transferring using a grant/warranty deed instead of a quitclaim deed. His rationale, if I follow him correctly, seems to be that it produces a cleaner chain of title but also it doesn't void the title insurance policy on the original warranty deed in my name. 

I had originally contacted a couple of well known real estate attorneys in my area about transferring the title into my LLC's name and both suggested a simple QCD. None of them even mentioned a warranty deed or brought up anything like that to my attention.

IIRC: It's more like $5k for the foundation ($2k per year after year one) and $20k for the mentoring ($5k per year after year one). 

Thanks, @William Kyle Walker for asking this question and @Paul B. for answering it. I was actually curious about the same thing.

Browsing Rod Khleif's website and looking at the prices @Charles H. posted it seems there is a lot of overlap between Brad and Rod's programs.  Has anyone ever been to events of both Rod and Brad?  I'm wondering which one of these or any other MF coaches is more stuff and less fluff :-)

Thank you, @Ryan Fong,@Ryan F. for providing this detailed information about the program, it sounds pretty good actually.

Thank you, Ryan.  

If I understood correctly from reading through this thread, Brad's Foundation Membership is a more in-depth online course.  Can you guys give me a glimpse as to what is included in Brad's Foundation Membership?  I understand it doesn't include personal mentoring, but does one still get access to a deal analyzer, market data (CoStar), how many hours worth of material, access to a mastermind, networking, etc.?

Thanks,

Sebastian

Thank you Paul, I'm looking forward to my trip to Dallas.

Hey thanks @Charles H. just what I was looking for.