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25 March 2019 | 11 replies
Would putting it in my name trigger the due on sale clause?
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14 January 2020 | 6 replies
I'm now at the point where I'm just about ready to pull the trigger on something in the USA.
23 March 2019 | 1 reply
Many of those issues you probably have not even considered.Meanwhile, assuming you are 50/50 with your partner (a Pandora's box itself), I recommend these steps:each of you transfer $50k from LLC A into your respective personal bank accountseach of you contribute $50k from your personal accounts into the LLC B accountLLC B uses these funds for the property acquisitionIt should not trigger any taxes, under normal circumstances.
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24 March 2019 | 8 replies
A transfer to an LLC will trigger the clause and should therefore be avoided, even though banks are hesitant to ever foreclose as long as the note is being paid.
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20 April 2019 | 12 replies
I’ve done countless hours of reading, researching, etc. and now I’m ready to pull the trigger.
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26 March 2019 | 31 replies
More recently I just spent another $15K renovating the downstairs unit after that tenant moved out.To add insult to injury I paid above market value for the property when you include all the closing costs, and now I have $35K more in it, not to mention 2 months of lost rent due to the abatement.
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27 March 2019 | 14 replies
Run your analysis, if the exit strategy fits the current pro forma then pull the trigger
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26 March 2019 | 5 replies
I’m incredibly interested in flipping, in fact I’ve already found a property that would be a great flip but I’m not ready to pull the trigger just quite yet.
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11 February 2019 | 4 replies
Check with a CPA of course, but I don’t believe an LLC conversion would trigger a tax issue.