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Results (10,000+)
Mahesh Karthik Duraisamy LLC mortgage vs Conventional mortgage
22 February 2024 | 1 reply
Hi Everyone,We are three buddies starting out the investment together and have an LLCregistered.Now that we have identified the property to buy ,we reached out to AXOS and were given the option to take conventional and transfer the title after closing / take an LLC loan at a higher interest rate (1.5% more)Should we go the conventional route and then transfer the title after closing ?
Jeremiah Dunakin Trying to understand Land Contracts
23 February 2024 | 13 replies
. ;-) it's by preference, by agreement of the parties involved. title is for sure held in sellers name on contract for deed .. if it is not means its transferred to another party via a deed transfer .. just hold a contract for deed in a neutral escrow does not transfer anything if you ran title it would still come up in the sellers name.. 
Reagan Clo Palm Bay buy and hold Duplex
23 February 2024 | 14 replies
In a perfect world, your primary would be paid off and the only HELOC on it would be for peronsal emergency issues - job loss, medical, etc.Recommend you find a lender that finances rentals, get a refinance going, then watch mortgage rates for the next dip to lock in a decent rate and close.I am looking at transferring the property into a LLC.
Account Closed Seasoned Real Estate CPA Expert Answering all Questions on Investing Tax Strategy
23 February 2024 | 65 replies
However I did not (oversight) transfer the title to the LLC.
Khalipa Oldjohn What does property sales instrument code OR and CD mean w/r/t a vacant lot purchase?
22 February 2024 | 2 replies
Regarding the sales codes you've encountered, "QC" indeed stands for Quit Claim Deed, which transfers the seller's interest in the property without any warranty regarding the title's validity.
Quincy Mingo Purchase 3-unit from Business Partner (Buyout and Capital Gains Tax Liability)
22 February 2024 | 24 replies
One person can get a loan but title of the property is owned by an LLC and that's the issue on how to go about transferring ownership. 
Vincent Drago Thoughs on transitioning tenants to electric heating
22 February 2024 | 7 replies
They didn't specify specifics, but they said that they will work out a new rent schedule to account for the transfer of costs from yourself to them for heating and cooling.Incidently, they were trying out these new window heat pumps that look like a horseshoe. 
Giovanni Cortorreal Purchase Offers/ Proof of funds when using private lender money.
22 February 2024 | 11 replies
The funds will not be release until a wire transfer is requested by the closing agent.
Joanna Mendoza Rental Calculator Question and advice needed
21 February 2024 | 5 replies
The house we're buying to transfer to is in pre-construction and is estimated to be finished in 6-8 months.
Ryan Lantzy 10 Units Wanting To Start To Self Manage - LLC Formation or Not?
21 February 2024 | 6 replies
When you transfer money from your business banking account to your personal account, the IRS will see this as income, and you will be taxed accordingly.