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29 July 2019 | 10 replies
Otherwise, be careful if choosing to use a Quit Claim Deed for these transfers.FYI - The Fannie servicing guide, for about a year now, supposedly explicitly excludes a transfer into an LLC you own from the due on sale clause.
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28 July 2019 | 9 replies
I've been reading that transferring a house to an LLC after the purchase can be expensive so I thought maybe now would be easier.
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18 September 2019 | 4 replies
Fannie Mae, allows you to transfer the property to an LLC after closing.
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21 July 2019 | 4 replies
It is so important to protect yourself legally because there are great risks to be incurred from a financial liability side, and you want to ensure that if the property defaults, no one goes after you specifically for that money, and if the property does foreclose, that your exceptional credit score does not get ruined.With that being said, what would probably make the most sense is getting the mortgage in your name, and then transferring this over to the LLC.
17 July 2019 | 2 replies
He also has stated that when he retires he would want to transfer the property and loan to my wife and I( and any properties going forward).
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11 September 2019 | 7 replies
Replacement of income and tax free transfer of wealth.
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21 August 2019 | 26 replies
This minimizes the amount of money taken out of your income for taxes.It may be better to create an LLC before you buy a rental property so you can avoid having to notify your mortgage holder that you are transferring your title to the LLC, in which case they may choose to close the loan and issue you a new loan.
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9 August 2019 | 2 replies
Also make sure that the property has not transferred land more than 3 times I believe.
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21 August 2019 | 3 replies
Also curious about why you want to transfer from a financial analyst to an assistant property manager.
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6 September 2019 | 7 replies
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