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16 September 2018 | 11 replies
One thing I’d add to the list is that utilities typically aren’t on which is risky + a major pain when you transfer title.
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11 October 2018 | 10 replies
If it were me, and I did when I left my last job 16 years ago, I'd transfer my old 401 to a traditional IRA.
8 September 2018 | 2 replies
To get technical, you will be going up against the Economic Substance Doctrine which states that a transaction has economic substance if: (1) the transaction changes in a meaningful way (apart from Federal income tax effects) the taxpayer’s economic position; and (2) the taxpayer has a substantial purpose (apart from Federal income tax effects) for entering into such transaction.By transferring your primary residence into a LLC, you would not be changing your economic position.
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19 November 2018 | 4 replies
We are now looking at the third place and ideally we can be joint tenants on everything for ease of transfer upon death of either spouse.
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11 September 2018 | 23 replies
You are essentially transferring depreciation from one property to another.
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22 September 2018 | 12 replies
Ottawa was great but the numbers dont make sense no more.I also found that in many of these markets, the sellers are retiring, they are not overly greedy, some offer seller financing and there is always great value add opportunities (mostly under value rents, easy light reno cosmetic jobs and leases that include electric heat and water which can easily be transferred back to renters.
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15 September 2018 | 8 replies
Turns out this same buyer gets A LOT of deals from the LB HMM, Well turns out the buyer opened his LLC about a month BEFORE the sale/ transfer ( how did they know they were getting MY property ) I have spent 35k on attorneys .
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10 September 2018 | 5 replies
Possibly transfer taxes, depending on the state.
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11 September 2018 | 3 replies
Hi Tamara,Apparently you can purchase under your own name, and then after closing do a deed transfer to an LLC.
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11 September 2018 | 4 replies
With a sewage treatment or septic, my parish (county to non-Louisiana people) requires a permit to turn the power on once it has been turned off or even transferred.