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17 December 2024 | 14 replies
As someone who has coordinated 40+ deals in last 18 months for clients, I can tell you that the hardest piece of the puzzle is the property, the opportunity.
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12 December 2024 | 12 replies
Transferring mortgaged properties to an LLC may trigger due-on-sale clauses, but transferring to a trust first can mitigate this risk.
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15 December 2024 | 25 replies
I tried QBO and Xero years ago and QBO would not allow automated transfer of data from AppFolio (my PMs software) to QBO; so, I have used Xero since then and been happy with it.
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17 December 2024 | 8 replies
I recommend you find a qualified intermediary who:Will not commingle your funds with other clients.Holds a Fidelity Bond with Errors and Omissions Insurance.Member of the Federation of Exchange Accommodators and Better Business Bureau.Wire Transfer Security measures to counter wire fraud.Have a great day!
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12 December 2024 | 5 replies
Many investors start with personal ownership and transfer the property to an LLC later, but it depends on your long-term goals and risk tolerance.
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4 December 2024 | 6 replies
So if I was dealing with a seller who was insisting on handling the transfer this way, I would be wondering what the seller is trying to hide... and I would figure it out.
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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.
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16 December 2024 | 1 reply
These risks include, but are not limited to, lack of liquidity, limited transferability, conflicts of interest and real estate fluctuations based upon a number of factors, which may include changes in interest rates, laws, operating expenses, insurance costs and tenant turnover.Investors should also understand all fees associated with a particular investment and how those fees could affect the overall performance of the investment.
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19 December 2024 | 50 replies
Theoretically, at least.Since the U.S. courts routinely find these foreign asset protection trusts to be a sham, and transfers to these trusts fraudulent transfers, the assets in the trust themselves need to be beyond the reach of the U.S. courts system.
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11 December 2024 | 13 replies
Your estate could still go through probate to determine how the LLC and other assets are distributed.You may be able to record a "transfer on death" deed for your property so it automatically transfers to another person when you die.