I'd recommend working with a trusted real estate agent who has experience with out-of-state or international buyers, along with a reliable property manager to oversee your investment.

Below is a list of the most common record statuses and their meanings: Deed: This document shows the transfer of ownership from one party to another.

Expect to pay transfer taxes based on the properties assessed value plus deed prep and recording fees when you make the transfer.

Yes, you can use the paid-off house as collateral without transferring it to the new LLC.

Section 721 of the Internal Revenue code allows an investor to exchange property held for investment or business purposes for shares in a Real Estate Investment Trust (REIT) or an Operating Partnership without triggering a taxable event.Many investors are aware of a 1031 Exchange where an investor must find a replacement property to defer capital gains taxes on the property that was sold.

However if money was transferred to these companies investments and they went bad..

TurboTenant does digital signatures for leases and other documents, condition report templates, automated and one-time ACH transfers, chats with tenants (so there is a record... just in case), and lots of other great stuff.

Our month long tenants really appreciate having a walkthrough video available, especially because a significant percentage of our longer term tenants are international. 

If I give sellers $100 from rent proceeds, it'll drop to $350 monthly.5) Do I need just a promissory note for both of us to sign and deed transfer document? 

So if I transfered all of it into a rollover ira, then I could use the entire amount I have currently as tax-free towards a first time buyer loan?