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15 March 2024 | 5 replies
Hello everyone, I wanted to get advice on transferring my rental property into an LLC in FL.
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17 March 2024 | 1 reply
1) make the payment directly from my HELOC account2) transfer the money from HELOC to business checking account, and then make the payment from my business checking account.
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17 March 2024 | 16 replies
moving it to an LLC will not do much for you in the way of asset protection OR taxes (double check that with a cpa, everyone's tax picture is different). most people lean towards the LLC thing for legal protection, but a single-member LLC is a thin veil that's easily pierced. you'd be paying LLC fees & paying another LLC tax return prep fee, for what i'd say is nothing. if you do want to transfer the deed to an LLC anyway, you'd do a 'quit claim deed' with a title company or real estate attorney. if the mortgage lender ever says something you'll just give them proof that it's a single-member LLC and the one member is you (the original borrower).
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18 March 2024 | 13 replies
But admittedly, I haven't been to small claims over a deposit dispute before (well technically I have but that was because a seller didn't transfer deposits upon the sale, which is a different matter).
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17 March 2024 | 4 replies
I consulted with my CPA, who advised that the policy loan should be transferred to my LLC for private lending purposes.
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16 March 2024 | 8 replies
I just got an escrow analysis from a new lender (transferred about a month ago) and there is an escrow shortage.
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16 March 2024 | 11 replies
If you have enough stock that you don't need to sell all of it you could try to find a brokerage(you would have to transfer the stock to the brokerage)/bank willing to loan you money on the portfolio.
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16 March 2024 | 10 replies
. - Deed transfers to new LLC.- Current owner continues making monthly payments, we pay him after he shows he paid the mortgage on time.
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15 March 2024 | 7 replies
Hi guys, so after I deeded a rental house into an LLC, lets say the LLC's name is "ABC LLC " .... So now the insurance should be in the LLC's name?
On the insurance policy it should say that the insured is "ABC LLC"...
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15 March 2024 | 4 replies
I am transferring their flood to myself as it’s assumable and I have multiple quotes for insurance.