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5 August 2024 | 9 replies
California has a $800 minimum franchise tax per LLC per year (and it could be higher depending on gross receipts).LLCs allow for orderly transfer of wealth upon death through an operating agreement.
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5 August 2024 | 9 replies
Once you transfer the ownership to the LLC, you individually do not have an interest in the property.
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5 August 2024 | 15 replies
I would be curious to see where this exists, as it would have to be through a broker dealer channel in order for someone to get compensated for it, and most syndications require GP approval to transfer any position
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5 August 2024 | 13 replies
Most conventional investment property loans, which offer lower interest rates and 30-year amortization, require the property to be in your personal name.As a result, many investors initially secure the loan in their personal name and then transfer the property into an LLC.
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4 August 2024 | 5 replies
Talk to your agent and loan officer.Do you know if assumable loans have prepayment penalties or balloon payments when they transfer?
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2 August 2024 | 4 replies
This company operates precisely the same as ShowMojo.
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1 August 2024 | 0 replies
A lesson from the N Backer Avenue deal was the importance of precise budget management.
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3 August 2024 | 10 replies
This depends on how the deal is structured and what rights and responsibilities you retain vs what you transfer to your current tenant.
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1 August 2024 | 1 reply
I have a few rentals on the lower end of the spectrum that to me, have more of a liability issue. Right now, they are under my main LLC with a lot of my more high end property. Would it be worth it to create a new LLC...