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20 January 2025 | 5 replies
I am currently renovating it and we plan to when i am done to transfer the property to my buisness name. what would be the best route to go.
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16 January 2025 | 3 replies
Would you help is wedding coordinating/planning or just rent the space out?
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29 January 2025 | 31 replies
I transferred the money via EFT (the transfer instructions had no reference to Lendbase - red flag), and asked for a receipt, but was told that their customers rarely ask for a receipt.
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27 January 2025 | 7 replies
I agree with the others here that say you need to have some skin in the game, if you are going to live there yourself, get an FHA loan rather than owner financing, you can get a 3.5% down loan, personally I do not love these as they require PMI which is an additional expense, and you also need bring additional funds for closing at least for taxes, title, attorney and transfer fees . borrowing from anyone else for the down payment, to include a personal loan from the bank is not a good idea, those again will be higher int. rate.
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29 January 2025 | 24 replies
Happens just about every year in the Southeast with hurricanes- I usually spend the day after the storm driving around taking pics or coordinating inspections of properties so that my borrowers can close.
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4 February 2025 | 9 replies
If transferring the property to an LLC, be mindful of the due-on-sale clause, and note that an LLC itself does not offer tax savings unless electing S-Corp status, which is rare for rentals.To maximize tax benefits, consider cost segregation, bonus depreciation, and short-term rental (STR) strategies, which could allow you to offset W-2 income if structured properly.
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7 February 2025 | 13 replies
We hired Jennifer back onto the team and she took over Ron’s job as well as Transaction Coordination which Julie had been doing up until that point.
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24 January 2025 | 0 replies
Property Transfer TaxOne of the key costs associated with purchasing property in Germany is the property transfer tax, which ranges from 3.5% to 6.5% depending on the region.
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15 January 2025 | 4 replies
Most traditional property managers don’t handle this setup due to challenges like managing tenant disputes, coordinating overlapping move-ins/outs, and the risk of Fair Housing violations when selecting tenants.
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24 January 2025 | 3 replies
They collect EMD from multiple potential buyers - then transferred the EMD into an interpleader accounts in hopes of absconding with all the EMD.