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29 October 2024 | 6 replies
And the STR licenses are not transferable.
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31 October 2024 | 9 replies
Here are things that would not transfer with a sale:-2.5% interest- prop 13 property tax benefit is saving ~$40/monththese are awesome advantages that are tough to match In addition you have achieve outstanding return from the appreciation since purchase.On the other hand, you have $300k of equity which places the LTV at ~65%.
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29 October 2024 | 6 replies
I know several who invested in my fund with a LLC and regret it because they close the LLC because I just costs them more money every year and to transfer it back into their personal name is additional paperwork and costs to transfer.
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9 November 2024 | 87 replies
Our refusal to accept a recession is actually only making the pain much worse, and is the underpinning of a massive wealth transfer from the middle class to the rich.
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27 October 2024 | 13 replies
More so just heard that if you transfer title into LLC it can “uncap” the property and cause a new tax assessment the following year and raise your future tax expense.
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31 October 2024 | 12 replies
If you take the loan individually, you can later transfer the property to the LLC, but that may trigger due-on-sale clauses or tax implications.3.
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27 October 2024 | 3 replies
If you sell the property (regardless of whom to), you will pay all the fees and transfer taxes associated with that sale - likely thousands of dollars.
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26 October 2024 | 5 replies
Are there any tax implications since it’s currently in an LLC and will be transferred to our personal name at close?
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30 October 2024 | 18 replies
I just bought a wyndham timeshare like this for about $1400 all in with closing costs and transfer fees.
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22 October 2024 | 7 replies
Hello everyone,My Canadian company owns a residential property in California and I want to sell it to my own personal name as I am closing my company.I don't know which professional to consult to help me do the transfer besides my CPA.Can I do the transfer of the deed myself (going to the County Recorder’s Office) and just check with my CPA for taxes due?