
21 November 2018 | 31 replies
So automatically I assumed if I transfer my home in MD to a conventional loan, how would that work for me..

11 March 2019 | 17 replies
The husband was being transferred for his job needing to relocate and they needed to sell quickly.

28 November 2018 | 3 replies
Property Transfer Tax - We have transfer taxes when you buy a property based on the fair market value of your home (based on the following scale): 1% on the first $200,000,2% on the portion of the fair market value greater than $200,000 and up to and including $2,000,000,3% on the portion of the fair market value greater than $2,000,000, andIf the property is residential, a further 2% on the portion of the fair market value greater than $3,000,000 (effective February 21, 2018).Additional Property Transfer Tax on Foreign NationalsAdditionally if you are a foreign national: another 15% tax of the fair market value of your homeSpeculation and Vacancy Tax - if you own a home that is not your primary residence and is not rented out for at least 6 months of the year you pay an extra tax 2 per cent for foreign nationals and satellite families who do not pay income tax in Canada;1% on the first $200,000,2% on the portion of the fair market value greater than $200,000 and up to and including $2,000,000,3% on the portion of the fair market value greater than $2,000,000, andIf the property is residential, a further 2% on the portion of the fair market value greater than $3,000,000 (effective February 21, 2018).1 per cent for Canadian citizens and permanent residents who are not resident in B.C. for income tax purposes (and not members of a satellite family); and 0.5 per cent for British Columbia residents who are Canadian citizens or permanent residents (and not members of a satellite family).

13 November 2018 | 7 replies
@Adrienne MedinaYou may want to look into transferring the IRA to IRA Services Trust Company as they charge flat fees not a percentage.

23 October 2022 | 3 replies
@Raymond Y. for mortgage pulls I would maybe find a broker in your area that can take the one report they pull and transfer it to the lenders they use.

12 November 2018 | 4 replies
All are transfers of existing tenants who are more than willing to pay for quality.The 1x1 people are going from around $550 to $825.

14 November 2018 | 6 replies
If the purchase is 20% or higher, then you can amortize it over 30 years.Property transfer tax is province specific, so best to check Ont website.

17 November 2018 | 6 replies
Quick question if a property purchase at a tax sale and I did preservation improvement on it paid taxes 2 yrs and had possession can I get certificate transfer over from family member name too mines without redemption period starting all over or do it remain same after transfer?

11 November 2018 | 5 replies
I have purchased my first REI using my primary home's HELOC (purchased a small duplex) and I plan to utilize the BRRR strategy then refinance.I would like to form an LLC but I would like to know if it is better to refinance the property first under my name then transfer the property in an LLC via quitclaim deed after cash out refinance?

22 November 2018 | 4 replies
Although I'm a lawyer, I'm not your lawyer, so you should seek separate legal advice if you feel you need it.The bottom line is that they are already in business together and should probably stay that way.If they were to split things up, they would have to transfer the property out of the LLC into their own names and that would cause problems and cost a lot of money.Even if they successfully split it up, neither one of them could refinance and it would be difficult to sell the property without the other one agreeing.They should either keep it in the LLC and live with it, or sell it and split the money and go their separate ways.What they are proposing would make things more complicated, not less.