3 January 2019 | 6 replies
@Adrienne MeltonYou will find many different opinions in this topic ..Most recommend to form LLCs in State you are doing business..I’m aware Nevada’ and I believe some other States are popular States to form Series LLCs.I learned the hard way starting out, most banks will give you hard time financing thru a LLC and the few that do you might end up paying higher rate..There are ways around that people purchase w their name and then transfer title do their LLC but then theres the possibility the bank may exercise “due on sale clause” although it seems nobody knows somebody that bank went forward on “due on sale clause” with today’s rising rates banks might have more incentive to do this..Here’s my 2 cents, it’s great that you’re thinking about asset protection.
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7 January 2019 | 1 reply
I would try to get into transaction coordinating for a real estate brokerage.
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12 November 2018 | 2 replies
I email the Rent Invoice and have a Quickbooks Payments account that allows the tenant to pay online via ACH bank transfer.
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11 January 2019 | 18 replies
Most property is transferred after death through either a trust, or joint tenancy - not probate.
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29 December 2018 | 9 replies
Thankfully, I befriended a seller of land in the town I'll be in and she was able to communicate with the Uber guy, attorney's office to certify my passport and signature and also she signed for me locally and assisted with the money transfer!
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18 October 2018 | 3 replies
From a tax perspective, can we do a deed from each LLC to A, B & C individually (no change in beneficial owner) and then another deed from A, B and C back to the LLC after transferring ownership of the LLC from ABC Realty to Partners B & C?
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21 May 2019 | 13 replies
If there are, those will most likely go away once transferred into your name.
19 July 2019 | 8 replies
@Luis Vallejos I’ve purchased 2 MFHs in the last year and I have an LLC but I bought them under my name, then transferred them to the LLC via quit claim deed after purchase.
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1 September 2019 | 8 replies
It’s a pretty unconventional way of transferring property so it can make new buyers a bit uncomfortable.
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24 July 2019 | 5 replies
Is there any way to legally transfer the mortgage/deed over to an LLC that I create?