Daniel DiCosimo
What’s the point of an LLC for new investors?
7 July 2019 | 23 replies
The strategy I see many investors use is to purchase the property with favorable financing in personal names, transfer to a Land Trust and finally assign the LLC as the beneficiary to the trust.
Rob Leonard
Finding out bank and money owed on REO
7 May 2009 | 5 replies
How do I track down the Beneficiary(bank) and how much is owed on the RE?
Rick Bradd
WIRE TRANSFER? What I learned. Long post.
25 September 2013 | 5 replies
It lists;the amount of the wire,account number,date and time sent,beneficiary information, Account number, ABA numberfederal Reference numbers, Global Ref number and who approved the wire.After the first day I started getting worried it had not deposited, but, I did not want to look like a rookie and start calling, plus I still had two days to finish the deal before I left on business out of the country, no problem.The middle of the second day I finally figured out something was not right here, this was a lot of money to me, over 200k, and it was floating around out there in the either, not in my control.
Harsh Dangaria
Asset Protection Strategy
9 July 2018 | 7 replies
I would look at a slightly different structure.First, each LLC that is a beneficiary of the different land trusts should be registered in the same state as the property.
Quentin Hollis
How do I avoid triggering a due on sale clause with a subject to deal?
26 October 2023 | 13 replies
Seller transfers beneficiary interest to the buyer during the sale.4.
Nick Lee
The Old LLC topic
28 April 2015 | 4 replies
The land trust can put you as the beneficiary but you will set up a Trustee.
Kevin Noesner
Property tax 2017 reappraisals
6 September 2017 | 13 replies
in valuation.Thirdly, if for the past few years the property has been under taxed and you were the beneficiary, great but you should have been planning for this eventuality.Finally, keep in mind that there are any number of legal firms that specialize in appealing tax increases.
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How to Assign a HUD
1 December 2007 | 5 replies
If they allow you to buy the property in a trust you could technically "assign" the beneficiary of the trust, but that can be a lot of paperwork.
Mark Corl
Delaying a bank sale..?
28 August 2017 | 3 replies
My mother left me a life insurance policy for $143,000, which I am the sole beneficiary of.
Bert P.
Death in the family. How soon is too soon?
4 March 2013 | 9 replies
A Beneficiary Of some kind to the estate?