Then you own the LLC and can transfer the property into it.If you transfer the property into that LLC the way it is then technically you just gave your friend ownership of the house proportional to his ownership of the LLC.I'm not an attorney, so take that with a grain of salt.

I am wondering for those who have an LLC for their rental properties if they are purchasing properties with the LLC or if they are purchasing under their name and then transferring to the LLC?

The rates will be lower and will allow you to maximize profits.

HELOCs are usually variable rate and there may be yearly fees associated with maintaining the HELOC.

If they did, the previous manager is obligated to transfer those funds.

It would/could be only 15% capital gains tax and yes you could/would deduct all selling costs including commissions and transfer taxes.

It allows you, the wholesaler, to transfer your rights to purchase the property to an investor.

Can someone please let me know if this is ok for my first BRRRR.I got a $200k HELOC on my primary residence to help fund my first BRRRR. I bought my first investment property cash, for $101K. After closing costs, it w...

That means your rate of capital return should, if done correctly, go UP each year.

You are just transferring debt.