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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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23 October 2024 | 10 replies
You may lose access to the bookings they have managed, as those reservations are often under Evolve’s control, and they may manage the communication, payments, and cancellations for those guests.Transferring Bookings: Some companies might allow you to transfer the bookings if you switch to managing the property independently or through another service.
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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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25 October 2024 | 0 replies
Some of the areas include: general RE knowledge, cold calling, lead generation, acquisition manager, transaction coordinator, etc.Would anyone be interested in taking a peek at the courses as well?