Daniel Grabowski
Advice on resources to accurate predict property taxes when evaluating a property?
12 February 2024 | 3 replies
CA is pretty much the reverse with their resetting of the asset to the sale price upon transfer.
Beth L.
Questions--How to use a Property Management LLC as the "face" of my rental business
12 February 2024 | 12 replies
However, when I had to keep a security deposit recently, I transferred it to the main rental checking account and it only logs as an account transfer and I don't see how I can make it now show up as rental income.
Antonio Bodley
Getting cash from business credit cards?
12 February 2024 | 1 reply
I heard about balance transfers from business credit cards to get cash to buy real estate.
Mashal Choudhry
Buying homes at auctions
12 February 2024 | 7 replies
You will have to pay all the usual expenses associated with buying a property: transfer taxes, government fees, title company/attorney costs, as well as a "hammer fee" which goes to the auction house.In theory yes, you could win something for a few thousand dollars.
Shannon Carter
401k withdrawal to invest
12 February 2024 | 2 replies
Like transferring the funds to a SDIRA or Roth IRA ?
Jason Leggett
Subject to / seller financing hybrid
12 February 2024 | 5 replies
Second: You will need C) Executory agreement (add clause that if you default on the payment, seller can take back ownership D) In addition, a purchase an sales agreement reflecting the subject to the existing mortgage note, under the seller's nameGet title insurance with the seller as a secondary in addition to the insurance already on the property.The purchase agreement reflecting both the equity payments and mortgage subject shall be executed and held deed to property, via this hybrid transaction be transferred into the buyer name..The deed, instead of being recorded at the registry, triggering a potential risk of a due on sale clause, shall be held in a mutual accessed safety deposit box along with the executory contract.
Nick Maugeri
Property Taxes In California - Transfer
11 February 2024 | 1 reply
I'm not a CPA, but a big kickback from sellers that have a ton of equity is they do not want (rightfully so) their property taxes to increase when they trade their home. The average % for CA is 1.25% of the purchase p...
Jonah Slove
Time to sell?
15 February 2024 | 95 replies
Just recently the covid drop was called the biggest wealth transference in history.
Nina Liu
Death of tenant with no next of kin?
12 February 2024 | 3 replies
I have read some other posts where people were able to transfer title, but might be more difficult in NYS.
Peyton LaBarbera
How do you protect your properties?
12 February 2024 | 20 replies
@Chris McKay I have been researching some more plans and I came up with starting a holding company LLC as a parent company for each of the subsidiary LLCs that will on their own protect each property separately with this I will also be able to utilize an S-Corp which will be attached to my Holding Company LLC and each subsidiary LLC will transfer the funds into the Holding Company LLC to cut down on my self-employment taxes by paying myself a W-2 along with dividend distributions paid out to the owner aka myself throughout the year.