13 October 2024 | 9 replies
In most municipalities you will still be required to pay transfer taxes equal to the properties assessed value even if the property is transferred for a nominal amount plus deed prep and recording fees.
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12 October 2024 | 2 replies
Please assume the loan is transferable/assumable, I'm still confirming.
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19 October 2024 | 25 replies
The Biden administration recently approved the "sale" ($100/acre so more of a give-away/transfer) of 20 acres of BLM land near Las Vegas to Clark County to be used for affordable housing, so we'll see how that goes I guess.
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15 October 2024 | 5 replies
I know there are a ton of features I don't utilize personally, I mostly use it just for tenant application and screening process, and then for rent and fee collection In my personal experience here's my pros and consPros•Had a template for screening questions on the application so I didn't have to think of things to ask myself•Handles rent collection easily and for only a $1 fee to my tenants for ACH transfer which makes it easy for both parties•I can set up all rent and fees at the beginning of a lease term so it's set it and forget it for me•My tenants have said setting up auto-pay was easy and I like to make it as easy as possible for them to pay me!
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12 October 2024 | 2 replies
The current owner transferred overseas, has the property currently under a 1 year lease, is looking to sell at the end the lease (Mar 25).
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8 October 2024 | 36 replies
I purchased an investment home under my personal name as my LLC had not been established yet, now wanting to transfer to my LLC.
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12 October 2024 | 7 replies
I suspect they drew you a flow cart and then your conversations went something like this: I need to transfer my properties to an LLC for anonymity.They are told they are not anonymous & that is not asset protectionBut I need it anyway for tax savings.They are told there’s no meaningful tax advantages But I can get non recourse debt because the LLC is the borrower.They are told they still have to personally guarantee the loanNo, I can get non recourse debt I read all about it.They are told yes, while that is true, the leverage is customarily low, applies to much larger CRE transactions and there are still carve outs.
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15 October 2024 | 26 replies
Because when considering the complexity of transferring funds between LLCs and the desire to streamline real estate operations, establishing a holding company maybe in my primary state of our holdings seems right?
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11 October 2024 | 7 replies
Let them transfer it to the new PM and then they (new PM) can give it to you to hold or they can hold it.
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13 October 2024 | 5 replies
Like in MS its quite common to transfer title that way and title is insurable in other states your right all the quit claim did is release an interest .