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2 March 2020 | 3 replies
We are selling a CA investment property (single family) this summer, and plan to do a 1031 exchange into several other like investment properties. Question is, if the title is in an LLC in CA, what happens to that L...
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3 March 2020 | 5 replies
Not only does this risk the bank invoking the Due on Sale clause and calling the loan, the title insurance that was issued in the name of the individual does not transfer and cover the LLC.
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3 March 2020 | 4 replies
They require full wire transfer by 4PM the same day.
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15 April 2020 | 24 replies
If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.For example: I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.
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6 March 2020 | 3 replies
This can potentially avoid new tax assessment of the property that is triggered by a sale, thus saving taxes for the buyer, and saving the sellers transfer taxes.- from our understanding, combining 1031 and Drop & Swap is possible when it's dealing with single buyer who takes 100% of ownership interest of the newly formed LLC as single-member and disregarded.- what we want to explore is the possibility of doing the drop and swap and 1031 when we are purchasing the replacement asset as TIC.
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2 March 2020 | 0 replies
This can potentially avoid new tax assessment of the property that is triggered by a sale, thus saving taxes for the buyer, and saving the sellers transfer taxes.- from our understanding, combining 1031 and Drop & Swap is possible when it's dealing with single buyer who takes 100% of ownership interest of the newly formed LLC as single-member and disregarded.- what we want to explore is the possibility of doing the drop and swap and 1031 when we are purchasing the replacement asset as TIC.
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3 March 2020 | 2 replies
This can potentially avoid new tax assessment of the property that is triggered by a sale, thus saving taxes for the buyer, and saving the sellers transfer taxes.- from our understanding, combining 1031 and Drop & Swap is possible when it's dealing with single buyer who takes 100% of ownership interest of the newly formed LLC as single-member and disregarded.- what we want to explore is the possibility of doing the drop and swap and 1031 when we are purchasing the replacement asset as TIC.
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9 March 2020 | 9 replies
I won't even transfer funds from one LLC account to another LLC account.
2 March 2020 | 1 reply
There was a large loan on it still in 2015 when the deed was transferred to the wife.
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4 March 2020 | 34 replies
What I also do, is allow tenants to pay security in installments, and provide in the lease they can get their security back the day they transfer the unit back, so long as they move out the right way that is (default law is 21 days here).I swear to God I am going to start helping tenants chase down slumlords for security deposits.