Rene Hosman
WTF is a land swap?
16 January 2025 | 13 replies
Residents in flood-prone areas were offered newly built, elevated homes on safer ground in exchange for transferring the title of their damaged original homes to the city. 3.
Joe Au
Use HELOC to paydown mortgage fast
11 January 2025 | 420 replies
You are just transferring debt.
Ryan G.
Investment Property opportunity assistance
6 January 2025 | 5 replies
Confirm with the solar company if the loan is transferable and review terms carefully—it’s a potential hurdle with lenders or resale.A DSCR (Debt Service Coverage Ratio) loan might be an option since you’re focused on rental income.
Doug Kirk
Liens on a property and determining position
3 January 2025 | 8 replies
In my area, they charge transfer tax on the assessed value rather than the LOW sale price.
Henry Clark
Self Storage- Just Built, To Sell or Not
16 January 2025 | 6 replies
Wait till you “Die”to transfer to your kids.
Jason Khoury
Purchasing Vacant Home from Non-Profit
12 January 2025 | 6 replies
Sometimes, properties owned by non-profits have deed restrictions, zoning conditions, or agreements tied to their use.Tax Considerations: Non-profits often hold tax-exempt status, so you’ll need to ensure that taxes are assessed correctly once ownership transfers to you.Potential Public or Internal Scrutiny: If the transaction appears to undervalue the property or is perceived as exploiting a non-profit’s resources, it could lead to reputational risks for you or the organization.
Amos Lee
Ohio or Vegas??
6 January 2025 | 8 replies
Don’t forget to pay your state of OH income tax, even on the formerly tax free money you are transferring out of NV in to a state with income tax. :-).
Michael Nguyen
Due on sales clause...Has anyone experienced this?
31 December 2024 | 2 replies
Most people will get the loan in their name first, and then transfer it into the LLC after.
Aileen Ouyang
Keep or Sell?
2 January 2025 | 9 replies
I see it that your first decision is; to scale (grow), to coast (doesn't sound of interest or else you wouldn't be asking these questions, right), to exit (cash-out) or to transfer.
William Taylor
[Calc Review] Help me analyze this duplex in Michigan - are these numbers correct?
12 January 2025 | 12 replies
This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.