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27 March 2024 | 9 replies
The ACH transfers are slow but reliable.Cash: dangerous to handle that much cash, easy to lose, have stolenChecks: bounced check fees are a painPaypal and some other services: I have heard horror stories of accounts being frozen for weird reasons
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27 March 2024 | 18 replies
Have done any soil testing or build studies so that you can transfer the land in a more opportune way than when you bought it?
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26 March 2024 | 2 replies
If not, you could take title as an individual and later transfer to an LLC (you might trigger some due on sale and/or transfer tax, so get legal representation on that).If LLC is not possible, I've used Revocable Living Trusts many times.
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24 March 2024 | 6 replies
I would like to transfer this property from my personal name to my LLC.
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26 March 2024 | 9 replies
Looking forward to transferring those skills in to property management.
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28 March 2024 | 34 replies
With an irrevocable trust, for instance, the property is considered outside of the personal estate of the grantor, which can lead to different tax treatments compared to a revocable trust where the grantor maintains control over the assets.When it comes to capital gains tax, it's not just about whether the property is in a trust but also about how long the property was held, the basis at the time of transfer into the trust, and the selling price.
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26 March 2024 | 15 replies
this is done when your accountant files the form 8824 which transfers the basis of the old property into the new property.
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25 March 2024 | 4 replies
Initial Discussion and Negotiation, Due Diligence and Documentation, Signing the Purchase Agreement, Escrow Closing Process, and Closing, Transfer of Ownership, and, Post-Closing Obligations.
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25 March 2024 | 14 replies
@Cyndi Hong your lender will advise you on what’s best also, let them know your plan to transfer it because you don’t want to move it to an LLC and trigger your alienation or due on sale clause if you have one.
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25 March 2024 | 5 replies
So I unfortunately don't think I can transfer the funds into a SD-IRA like you mentioned.