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5 June 2024 | 2 replies
Some brokers are super nice and let your clients that are not under contract transfer with you.
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5 June 2024 | 0 replies
Garcia, 360 So. 3d 432 (Fla. 3d DCA 2023) - determined that transferring real property to a limited liability company controlled by the grantors constituted a “change of ownership” of the subject property under state law, and therefore, Florida’s beneficial “10% Assessment Limitation” (i.e., a 10% cap on annual increases in a property’s assessed value for Florida property tax purposes) on the subject property COULD NOT be retained by the LLC after the transfer.Now your 10% annual tax cap is GONE🤯Despite the Florida Supreme Court's recent denial of discretionary review, making the decision final, the S & A case could significantly affect real property taxes for various related-party real estate conveyances.
5 June 2024 | 5 replies
Beware of bedbugs getting on your clothes and you transferring them back to your own home- if you wear a haz mat type suit the renters will feel like something is wrong and feel very uncomfortable- but in some heavily infested situations it might be called for.
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4 June 2024 | 4 replies
Did they tell you that if you put 25% down, that they would do a traditional owner financing with title transfer?
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4 June 2024 | 5 replies
Is it difficult if I purchase a property in my name and then I want to transfer the mortgage over to the LLC will my mortgage company allow that?
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4 June 2024 | 4 replies
He currently has the property set up in a transfer on death deed.
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4 June 2024 | 6 replies
I do a lot of relocation business with Lockheed as a Realtor®, lots of transfers in and out!
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5 June 2024 | 6 replies
It's a fast market right now and others on BP have said that particularly in the south and east coast it can take a couple of months for property transfers to record.
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4 June 2024 | 4 replies
@Bruce Lynn, while I am guessing because I don't know "most" large multifamily, I would say it is very much manager dependent and likely to become more common place as many syndicators are struggling to make their mortgage payments.Ownership companies are still run by people, and people that don't have enough money to pay their bills will start prioritizing who to pay based on the perceived risks of not paying.As for taking over any outstanding bills, that is one of many issues of the common LLC transfer.
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3 June 2024 | 3 replies
The more property you inspect, the more of an expert you will become in your area.Once you feel comfortable with inspecting properties, learning the right questions to ask, understanding your local market, and HOW to evaluate each potential deal, THEN you will know a good opportunity when you stumble upon it.You can transfer those skills into looking at other markets and will have some clues as to what makes a good deal.