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16 May 2024 | 12 replies
How to we coordinate to get the title transfer?
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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
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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.
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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%.
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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?
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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.
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15 May 2024 | 11 replies
Most of what you suggested would be an arms length transaction and wouldn’t pass underwriting anyways and cost time and money to do the deed transfers and such!
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14 May 2024 | 14 replies
I would then get an EIN and a bank account and transfer the funds in order to close on the property and then use as an operating account for the income and expenses so everything can be tracked.I have done deals in a similar fashion as a partnership.
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14 May 2024 | 4 replies
Most likely, it would be considered a refinance transferring it into your personal name.
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14 May 2024 | 17 replies
As long as there is a good thesis as to why the demand will remain high for shorter stay rentals and most importantly (1) the use is allowed, (2) the use requirements are protected by in place permitting and licensing and (3) the permissions are transferable through a sale you will be on the right side of the supply/ demand equation.