John Malone
Are you aware of the new Corporate Transparency Act Coming in 2024 (every LLC)
31 December 2024 | 22 replies
This is another reason why I see 1M posts on hear about people wanting to transfer properties to their LLC because some guru they paid $5k told them too.
Alberto Freites
The Miami Market is Overrated?
27 December 2024 | 66 replies
John Yes, that is precisely why I think it is overrated with respect to cashflow, it is very difficult to find a property that will leave you above water after doing the numbers.
Mark Thiel
LLC vs umbrella policy for long term rental
14 December 2024 | 3 replies
I’m leaning towards the Fannie Mae route but have no idea the process to transfer it to your LLC later.
Jeffrey Sommer
General Liability - Philly Wholesale License
17 December 2024 | 5 replies
Too many stories of hacking to get at wire transfers, etc.
Kay S.
Closing Costs for Seller Financing?
15 December 2024 | 6 replies
Here are title cost numbers from my last deal in Lake Oswego ($625k sales price):Title agent fee: $1100Owner's title policy: $1425Recording fee: $350MERS: $25There may be transfer taxes depending on what county the property is in, as well.Chris
Christian Pichardo
New Investor in TROUBLE - Carrying costs since April 2024
27 December 2024 | 34 replies
The happiest day of my investing career was when I transferred ownership to all those houses in one transaction and to never ever go there again with that asset class.But thats me.. section 8 can work but its not as passive as folks claim.
Chris Rendall
Issues with homeowners insurance when transferring title to LLC?
4 December 2024 | 10 replies
@Chris Rendall couple comments,@Wayne Brooks is correct if it was a Homeowners policy now being transfer to an LLC and used as a rental.
Carter Mayberry
Refinancing my current FHA to Commercial Financing
13 December 2024 | 15 replies
Transferring ownership to your LLC might trigger transfer taxes or reassessment, depending on your local regulations.Commercial lenders will evaluate your loan based on the property’s cash flow (DSCR) rather than your personal income, which is great for freeing up your DTI.
Taylor Kendrick
A question about "appurtenances"
13 December 2024 | 5 replies
The oil company now owns the subsurface rights to that property (one of the property's appurtenances) and can transfer or keep them as they wish.
Elliot Tan
Can you assume a VA loan with an entity?
13 December 2024 | 2 replies
Alternatives to ConsiderIf you want to involve an entity for liability protection or other reasons, here are some potential approaches:Assume in Personal Name and Transfer to Entity:Assume the loan in your personal name and later transfer the property title to an entity.Important: Transferring title may violate the loan’s due-on-sale clause unless explicitly allowed by the lender.