Ben Lee
Seeking real estate deed transfer guidance
14 May 2024 | 1 reply
However, there may be certain exemptions or procedures available in your jurisdiction to avoid reassessment in specific situations, such as when transferring property between family members.The approach suggested by the tax assessor office, where Aunt A provides evidence that she was only a co-signer and has no ownership interest in the property, could help support your case for avoiding reassessment.
Chuck Dreison
How often do you buy/sell debt with buyback options?
16 May 2024 | 6 replies
Any delinquent loans are “put” back on the seller.From the seller’s perspective, it requires managing the complexity and liquidity requirements of outstanding options.To compensate for the transference of risk, notes with put options trade at a lower yield.- Sellers receive payment for the loan and a premium for the option.- Buyers earn a reduced yield but hold a valuable option.Much in the same way that equity yields are reduced in up markets when bought with put options.How often do you buy/sell debt with put options?
Robert Clifford
Have you used a Performance Deed
16 May 2024 | 14 replies
The buyer can add a performance deed to the transaction which basically states that if the buyer defaults on the loan, the property is transferred back to the seller without a long and costly foreclosure process.
Brandon Bell
Family Loan to Purchase Real Estate
16 May 2024 | 4 replies
This is often viewed as a "gift" so lenders place limits on the amount that can be "gifted" as well as the manner that these funds can be transferred to you.
Kenji Tominaga
County Mortgage Tax paid by the Buyer?
15 May 2024 | 6 replies
I am certainly not a tax expert, but fwiw, I just looked at my closing statement from the purchase of a Brooklyn multi-fam and as purchaser, I paid the following taxes:Transfer Tax Additional Transfer(mansion)taxTransfer Tax Supplemental NYC(mansion)taxMortgage Tax 1st mortgage
Mark Chambers
Buy out inherited property
16 May 2024 | 12 replies
How to we coordinate to get the title transfer?
Viral Mehta
Remote management - internationally
15 May 2024 | 5 replies
I list on Zillow, primarily communicate with them over Zillow messages and then give our remote login code to enter the home. 2) Maintenance between tenants - This one will be tricky as I will have to transfer all utilities to my name and send multiple vendors to the house for getting the house rent ready.
Annwar Matani
Decided to focus on investing in Philadelphia
17 May 2024 | 34 replies
Philly also has 2% transfer tax, vs 1% across the other parts of PAOther factors like the current investor loans charging at 8%.
Marcus Clouse
Does hardmoney lender ask for building permit for spec home before you own the land?
15 May 2024 | 10 replies
Are you able to secure the building permit while under contract in the current owners name and then have the permit transferred after the settlement takes place?
Evan Bell
Anyone use 1800ACCOUNTANT??
16 May 2024 | 24 replies
I sent them a message with a question about transferring my bookkeeping from 1800 to Quick books to weeks ago with no response.