
27 March 2024 | 11 replies
You cannot simply close with buyer (like all gurus say) then turn around and pay seller then transfer title to buyer- That is ILEGAL A way around this in case you cannot get transactional funding - Have your closing attorney draw up a Promissory not in submission to the buyer in which you will secure your equitable interest within the contract to the buyer...

27 March 2024 | 9 replies
The key is constant knowledge transfer and training so that you don't have all the domain knowledge in one person.

27 March 2024 | 9 replies
or...are you planning on "helping them" (adding/transferring title into your name)?

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

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?

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.

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.

26 March 2024 | 9 replies
Looking forward to transferring those skills in to property management.

24 March 2024 | 6 replies
I would like to transfer this property from my personal name to my LLC.

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.