
21 August 2016 | 2 replies
Everything is in my name and then I started an LLC but have not transferred everything into the LLC.I suggest listening to podcast 109.

21 August 2016 | 4 replies
The problem normally that comes to mind with this strategy is two fold: 1) You have to take title to the property (even if only for a second) so there are double transfer taxes, double closing costs, etc., to pay...., and 2) the new buyer may have trouble getting a loan because now you have a title seasoning problem (most banks only wish to give loans secured by properties that have been held by the seller for 12 months or longer).

21 August 2016 | 6 replies
The problem normally that comes to mind with this strategy is two fold: 1) You have to take title to the property (even if only for a second) so there are double transfer taxes, double closing costs, etc., to pay...., and 2) the new buyer may have trouble getting a loan because now you have a title seasoning problem (most banks only wish to give loans secured by properties that have been held by the seller for 12 months or longer).

20 August 2016 | 2 replies
Once you have a system down, it's easier to transfer that system to multi-families.

13 November 2016 | 7 replies
Thanks Wayne, what if I buy it under owner occupied and transfer it a year or so later to an LLC?

22 August 2016 | 3 replies
Also, you cannot get a 30 year fix mortgage in an LLC unless you buy the property in your personal name and transfer into a LLC.

21 August 2016 | 0 replies
I still don't know what to call the alternative, the one where title is transferred.

20 July 2019 | 7 replies
Due to nothing I did, the home has been transferred into a relatives name.

5 September 2016 | 3 replies
I don't remember the transfer being too costly (we owned 1 personally and transferred it to the corporation), however, costly is a relative term.

11 September 2016 | 11 replies
If not I've heard about transferring the deed to the LLC after it has "seasoned" but this can also cause the lender to call the loan, which of course would not be great.