Jessica Howell
Funding LLC's, deposits and draws
19 November 2024 | 12 replies
Any transfers should be made through the owner of the LLC and not another LLCSo you make a capital contribution or capital withdrawal.
Braath Waate
Estate planning: Automatic transfer of assets to charity after death?
14 November 2024 | 1 reply
It is also simple to use a beneficiary deed (transfer-on-death) for real property.However, if there is no named executor of my estate (no will/no trust), how would the DAF be notified of my passing and the existence of the beneficiary deeds?
Charlie Martin
Purchase under an LLC or not?
25 November 2024 | 7 replies
@Charlie Martin Buying under an LLC offers liability protection and separates business finances, but it can complicate financing with higher rates and stricter terms, and lenders may still require a personal guarantee, impacting your DTI.For your first property, consider purchasing in your personal name for better loan terms and transferring it to an LLC later if needed, while using strong umbrella insurance to mitigate risk.
Judy Jacobs
How to transfer money from foreign real estate sale to the U.S.
13 November 2024 | 4 replies
When transferring funds from Hungary to the U.S.
Carl Trube
Assuming the mortgage of my parents house?
19 November 2024 | 7 replies
., Does their equity transfer to me?).
Tiffany Da Silva
Advice needed on real estate LLC business banking & Organization
21 November 2024 | 6 replies
I have one and they're currently at 4%+, no minimum balance, no transfer fees and unlimited transfers, and they pay out interest monthly.
Jay Hurst
What goes into cash to close? What are closing costs and what are pre-paid items?
22 November 2024 | 1 reply
Again, these fees are charged and paid to the lender to complete and fund the mortgage.Third partyclosing costs include title company fees - including the actual title policy, escrow or closing fee, tax certification, and other title fees; governmental charges – including recording charges, intangible, and transfer taxes (depending on your state).
Kyle Lewis
High Appraisal for land I purchased
20 November 2024 | 2 replies
I plan to put two duplexes on the property but with this high appraisal is there a smarter thing to do to pull that money out of it or just use it for better collateral for the construction loan most banks will lend on the transfer price within a seasoning period. we face the same issues for land entitlement and development.
Fetch Phoenix
1 Property, 3 doors - should we set up a Real Estate LLC?
19 November 2024 | 9 replies
No transfer tax should be involved (see Garn/StGermain) as opposed to an LLC transfer.
Vidal Gonzales
LLC or not?
20 November 2024 | 3 replies
If I were to create a LLC should I transfer the properties under the company name?