Martin Nesta
Property taxes appeals
19 July 2024 | 5 replies
So even though property values may have skyrocketed, the taxing authorities aren't able to jump the taxes as much because of the limits the grandfathering puts in place.BUT... as soon as you buy a new home, or transfer it to a new entity (think LLC)... all that grandfathering goes away, and the taxing authority will bring you up to that new Just Market Value".
Chris C.
Real wealth matrix
19 July 2024 | 5 replies
To set up such a trust, including getting assets transferred in where appropriate.
Aaron Rushton
New to the Game
18 July 2024 | 9 replies
If there is anyone who is using a trust to transfer mortgages to their LLC, I would love to shadow and learn more.
Aaron Wilkins
Best way to become landlord without an LLC
18 July 2024 | 7 replies
With the loan transfer from yourself to LLC you never had the bill due on sale/transfer happen to you?
Derek Gardner
Seeking help - started 1031 exchange now want to hire consultant / QI
18 July 2024 | 4 replies
The QI is just there to receive the money from the first sale and pay the next, so that you are not taxed on that transfer.
Justin W.
Tax auction Sale date?
18 July 2024 | 10 replies
The general IRS test on determining acquisition date (this I have had to dig into a number of times) - do you have all the benefits and burdens of ownership, regardless of when title is transferred.
Michael Wu
Challenges surrounding utilities management
19 July 2024 | 6 replies
Submetering (if passthrough billing is implemented) is also annoying - as well as if you have to transfer utilities to your tenant and back routinely.Was wondering - how large is this pain point?
Charlie Bassett
BRRRR Deal Paid in Cash Financing Options
17 July 2024 | 7 replies
The loan officer says the refinanced amount would be 75% of the purchase price and not the new appraised value after rehab.In this case, is it a bad idea to transfer ownership of the duplex into my family member's name and then purchase the duplex back but this time financed?
Patrick Padovano
Building first rental property. Any advice welcomed
18 July 2024 | 6 replies
I originally created an llc to purchase the land, however decided after to buy it in my name and transfer into the llc after the house is built, rented, and refinanced.
Carlo D.
Is there overlap between Stessa/Rentredi versus a property manager?
17 July 2024 | 3 replies
Why would I have them hold my money when I can have full control over it if they transfer it over to my accounts in 1-3 business days.