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25 November 2024 | 13 replies
That's a spreadsheet that doesn't transfer to a real life leasing scenario because its not permitted within the zoning code.If the property is zoned RM1, then perhaps you can lease to 8 unrelated individuals by converting the building into multiple units.
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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.
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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.
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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?
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13 November 2024 | 4 replies
When transferring funds from Hungary to the U.S.
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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.
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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).
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19 November 2024 | 7 replies
., Does their equity transfer to me?).
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.
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19 November 2024 | 9 replies
No transfer tax should be involved (see Garn/StGermain) as opposed to an LLC transfer.