TM,Read between the lines.See if you can find anyone who has closed 1 such deal who is a regular on BP.Deals of the size you are talking are not going to be done by new investors who are on BP.

Is a quit claim the same as a transfer?

You did not put any restrictions on the ideas.Note that you claimed that you recently diid a big deal and will be getting perpetual checks.

You typically can't buy the house in the llc name (bank won't typically lend money to newer llc) and must Quit Claim deed it over after the purchase.

However, here in Palm Beach County, 3 missed payments usually means filing of a claim.

That house is a quick sell for 130k and I've got 100k in it so I think I've did pretty good on that one.I'm so thankful to have found these forums and after reading them for several days, I must say that some of the forum regulars are amazing resources and I thank you all for the willingness to share your hard earned knowledge.I realize that I'm new to this and I have a ton to learn, but I know a lot of that education is going to come from these forums.

But then I read that even though your property is going up in equity, you can claim "depreciation" of the building each year and lower your taxes.The last thing I am confused about is that, seeing as I live in S.Calif....you cannot get a 4 plex here for less than a million dollars.

You claim is therefore subject-to the lender's claim on the title.

Otherwise, a claim may be denied.Thats's not the same as legal protection.

The more you go to the meetings, the more you'll get to know the regulars and the more comfortable you'll be.