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14 October 2024 | 420 replies
Quote from @Jay Hinrichs: Cody the point Ken is making is that in a straight Subject to title has Transferred to Buyer and then buyer makes payments..
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2 October 2024 | 5 replies
Has anyone transferred a rental from a LLc in one state to an LLC in another state?
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13 October 2024 | 34 replies
When spouse took a job where we moved a lot, we bought in those cities when it made sense, good potential rentals, fixed up while living there then rented when transferred.
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6 October 2024 | 2 replies
I ran the numbers with 11% interest, 1.5 points, transfer tax and 6% agent fees( my landlord would represent from our side) for 345k and 5k for unforeseens.
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10 October 2024 | 19 replies
Deposits and prorated rents, now need to be transferred to you at closing IN FULL and you are not responsible for paying the listing agent for tenant placement.
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6 October 2024 | 12 replies
The answer is they buy it in their personal name, their mortgage is in their personal name, and then upon closing / taking title of the property, they "quite claim" deed transfer the property from themselves to their LLC.
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7 October 2024 | 24 replies
So this would require me to manually log in to transfer money to my actual bank anyway for distributions or to receive funds for improvements or whatever.
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7 October 2024 | 4 replies
Thus, the "Other Costs" increase significantly if a person were to sell their property in the chosen year.Just fill in everything, including the Advanced Inputs (you'll need to change default 30 year mortgage term to 180 months for your 15 year mortgage)Transfer costs will depend on your state and local municipality.Tax on rental profit will be your current or projected personal tax rate.THIS CALCULATOR IS PRETTY THOROUGH!
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7 October 2024 | 4 replies
The exculpation and limitation of damages clause seems overly broad, particularly with the QI limiting liability even in cases of negligence or misconduct, like wire transfer errors.
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6 October 2024 | 1 reply
One route is to explore refinancing these properties into your name with a cash-out refinance, which would allow you to access some of the equity while officially transferring the deeds.