Tyler Bolton
LLC versus personal umbrella policy for Indianapolis SFH rental
12 January 2025 | 7 replies
LLCs are a legal tool, not a tax one.Transfer from personal name to LLC/Due On Sale ClauseIf one is transferring property title from personal name, a Grant/Warranty Deed would be drafted/recorded to transfer title.
Tyler Koller
Baselane Vs Stessa
16 January 2025 | 31 replies
Were the transfers from the tenant credit card or ACH transactions.
Jason Lopez
Do I need an LLC for my rentals?
23 January 2025 | 8 replies
If you already have existing property and transfer property to an LLC, then it could trigger the due on sale clause the bank.
Clarase Mika
Did You Know You Can Purchase Property in Germany With Only 5-10% Down? Here’s How
24 January 2025 | 0 replies
.- Property Transfer Tax (Grunderwerbsteuer): 3.5-6.5%, depending on the region- Land Registration Fees: Approximately 0.5-1.5%.- Realtor Fees: As mentioned, these range from 3-7% of the purchase price, plus VAT.Benefits for Service Members- Equity Building: Owning property builds equity over time, providing long-term financial security.- Strong Rental Potential: If reassigned, you can rent the property out in Germany high-demand rental market.- Tax Advantages: Germany offers tax deductions for property owners, which can help offset some costs.Key TakeawaysService members have a unique opportunity to buy property in Germany with minimal upfront costs.
Basit Siddiqi
Investing in Spain: Good idea for non-residents(Americans)?
23 January 2025 | 31 replies
This appears to be a 'transfer tax' instead of an income tax.
Enrique Toledo
Seller financing financial questions
27 January 2025 | 7 replies
I agree with the others here that say you need to have some skin in the game, if you are going to live there yourself, get an FHA loan rather than owner financing, you can get a 3.5% down loan, personally I do not love these as they require PMI which is an additional expense, and you also need bring additional funds for closing at least for taxes, title, attorney and transfer fees . borrowing from anyone else for the down payment, to include a personal loan from the bank is not a good idea, those again will be higher int. rate.
Edward Segaar
Private equity lending
16 January 2025 | 1 reply
If it's a QM you won't be able to close in a business entity like a LLC, although in some cases you can transfer into an LLC after closing.
Alice Fairbairn
Maximizing ROI: 3 Key Features to Focus on in Short-Term Rental Properties
14 January 2025 | 9 replies
One key factor to confirm is whether the STR permit is transferable, as regulations can change.
Kenzer Hodgson
LLC or Umbrella policy
8 January 2025 | 14 replies
Transfer from personal name to LLC/Due On Sale ClauseIf one is transferring property title from personal name, a Grant/Warranty Deed would be drafted/recorded to transfer title.
Juan Perez
Turning a Primary Residence into a Rental
28 January 2025 | 4 replies
You can make an LLC and transfer it over.