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24 October 2024 | 11 replies
There must be a reason they're using CFD as opposed to DOT or mortgage and transferring deed to the buyer at closing.
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16 October 2024 | 5 replies
However, if the LLC is purchased, that purchase is NOT a recorded document, and hence more difficult for a lender to ascertain, as long as the warranty deed itself is not transferred and recorded.
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23 October 2024 | 5 replies
Additionally, the management companies would take around 10% of the rent for their services.Given this, I’m exploring whether it would be a smart move to refinance when interest rates drop, and possibly form an LLC to transfer the property into.
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22 October 2024 | 3 replies
I got licensed and have been learning brokerage and hope to transfer these skills into becoming a principal at some point.
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22 October 2024 | 4 replies
In North Carolina, the transfer tax is $1 per $500 of sale price; however, in a few counties an additional amount (up to $5/$500) can be added.
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21 October 2024 | 15 replies
Without NNN so he transfers more wealth to you?
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21 October 2024 | 59 replies
--I transferred all of my rainy day cash to the loan to get the balance down.
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24 October 2024 | 36 replies
DO they cancel them or do they transfer over?
21 October 2024 | 5 replies
Some things to consider with the above suggestions of creating an LLC and contributing the property + $100,000.The basis the partnership has in the property is transferred from Person A.If person A's basis in the property is $100,000 but the value is now $200,000.The depreciation would be based on the $100,000 instead of $200,000 which may 'upset' partner B.Furthermore, you have to properly structure it so the IRS does not see it as a 'disguised sale'.A disuised sale can potentially occur when Partner B contributes $100,000 into the partnership and it is immediately transferred to Partner A.best of luck
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20 October 2024 | 13 replies
And I wanna separate business from personal so I wanna get the loan in my llc transfer title to my llc..