"Transfers to a wholly owned entity (like a single-member LLC) are only exempt from documentary transfer taxes if there is no outstanding mortgage on the property.

@Jonah Richard outstanding.

Outstanding!

Good news first.That could be fixing any outstanding maintenance requests, making the place look nicer etc.

>8% property managementIf you can get a Professional PM that will do rent by the room at 8% all inclusive costs (tenant placement, release, inspections, service requests, etc.) that is outstanding.  

Thank You all for your outstanding information!

HELOC will give you the line of credit, which is good because you won't pay interest on it until you draw it to buy a property, but when it is outstanding it is floating rate and interest only, until it matures.  

Basically the price of an RE market is based on numerous parameters two of the largest being perceived risk and perceived appreciation (property and rent appreciation).Your first investment has been outstanding. 

What happens to outstanding loan?

Hi All, I need some serious advise. I am in contract with a 4-plex in San Jose, CA.,great location, location, well kept property. The owner was a do-it-yourself guy and performed a lot of upgrades like kitchen count...