Jenna Bamlet
Business partner separation
28 August 2024 | 17 replies
I’d want to know if I could just transfer all property to my own name, like if I have the right in LLC to buy & sell for the LLC, can’t I just sell them to myself for a nominal fee?
Isaac Blocher
The Cost of Transactional funding
29 August 2024 | 70 replies
@Ted Akers yes for instance this would not work well in WA with the excise tax of 1.78% or there about on title transfers.this was a low end deal in GA so it was a normal wholesaler approach I think the guy made 10k on the deal we made a few bucks and they absorbed the one closing costs and transfer tax which was probably nominal I would have to look at the hud.I can see this working in states were double escrows are not allowed any more... or if a wholesaler wanted to put to bed the thought that they are selling re without a license.. you know the wild wild west out there in that industry were basically anything goes until it does not LOL.I am NMLS mortgage banker sitting in the bullpen.. my license is on ICE but I do the CE.. just don't want to have to take the test again incase I want to jump back into doing HML.. so for right now taking title is a clear path.. no securities issues no licensing issues.. etc etc.. and 100% control. the only way I will do this these days.. but then again my clients are well known to me for more than a decade most of them and they are high volume flippers etc... so we have a lot going on...
Brooks Conkle
Can I rent a property with a tax certificate in hand (Alabama)
26 August 2024 | 13 replies
If the property is not redeemed by the three year anniversary of the sale to the State, the Certificate holder can surrender the original assigned Certificate the county redemption official and receive a tax deed upon payment of a nominal issuance fee.
Troy Maleyko
Duplex Project - Fort Myers, FL - 7 Duplexes - 3411 Broadway
21 August 2024 | 5 replies
it might be a nominal fee for what you are talking about.
Mark Simon
Selling Real Estate under an LLC and using a 1031
19 August 2024 | 4 replies
I was always under the impression that you could nominate up to three, then close on one prior to the expiration time period.
Cooper B.
Clarification on Right of Redemption in Alabama
20 August 2024 | 50 replies
(b) If a person offering to redeem fails or refuses to nominate a referee as provided in subsection (a) of this section, he or she must pay the value put upon the improvements by the then holder of the legal title.
Tyler Segebarth
Property Manager Acting Without Contract
11 August 2024 | 4 replies
They then informed me that I could either move forward with the management services, with a nominal discount of $110 for the error, or revert to the Lease Only Option and have the lease transferred to me without any security deposit, as none was collected by the property manager.This mistake has left me in a difficult position.
Noah Bacon
How will interest rates trend in 2024?
13 August 2024 | 24 replies
All asset classes rise in nominal value although the real value may not be there for every asset class.
David Lutz
The Myth of Cashflow – and understanding how to reserve properly and model.
15 August 2024 | 86 replies
If you own the property outright there’s no equity gain, but your cashflow would go up.Anyway, on a $100K home that would give you a nominal return of 7%... but the S&P averages a nominal return of 11%.
Andrew Postell
How To: Cash out 1-4 unit Property
20 August 2024 | 452 replies
They usually charge a nominal fee, like $150-$200 to do it and on your first time it's good to see how it's done so you know it's done right.