As mentioned above, it is your intent at the time the contract is consummated that matters, however...If it is your belief that a job transfer out of state in the very near future is more likely than not you're entering some grey territory right there. 

Once you set it up initially, you don’t have to touch it again - the money just transfers from the tenant’s bank account to yours each month. 

What's up BP crew, I've been a member for a few months and decided to make my first post. 6 years active duty military in Norfolk, VA, and transferring to Pearl Harbor, HI later this year.

We used the LLC to purchase the vast majority of the materials and supplies for the rehab.We did also use a Home Depot credit card in our personal names for some of the materials and supplies.When house sold, it was sold under our personal names, and the check from title company first deposited to our personal checking account, then transferred over to LLC account.

We recently became interested in putting some of these funds towards investing in real estate and I have a couple questions regarding the set up.1.Since my husband already has an existing SoloK, can he just open up a second Self Direced Solo 401k and transfer over some of the funds for real estate investing and leave the rest of the funds in the existing account in their current investments? 

My question on this however is if I buy a property under myself can I then transfer the asset to a corporation?

For “seller financing” you want title transferred at closing, the seller holds a note and a mortgage, just like a bank.  

@Patrick Liska  PA DOES have state inheritance tax, and it applies to PA real estate, even if owned by somebody out of state, like NJ.  0 percent on transfers to a surviving spouse or to a parent from a child aged 21 or younger; 4.5 percent on transfers to direct descendants and lineal heirs; 12 percent on transfers to siblings; and. 15 percent on transfers to other heirs, except charitable organizations, exempt institutions and government entities exempt from tax.

I am confident I know his new address but all skip trace apps have come up empty as far as a phone number.Other one is a foreclosure which they have been fighting on and off since 2017.

Should I transfer the deed to me and market to buyers at a really low price or steer clear?