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12 March 2018 | 4 replies
The only way to get the property out would be to have the property appraised and then transfer it out of the IRA to yourself as a taxable distribution.
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7 April 2018 | 9 replies
I have experienced this first hand, some people may think they need a bookkeeper and come to find out that they needed someone with higher qualifications than originally anticipated.
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25 March 2018 | 16 replies
What they have done with the LLC is pushed the custodian into a background role - simply documenting the IRA's single investment of the LLC, doing annual reporting and acting as gatekeeper for contributions, distributions and plan-to-plan transfers.
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17 May 2018 | 5 replies
I'm beginning to reach out to my sphere of influence, and have a handful of buyer clients that I am working with to find properties.
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15 March 2018 | 10 replies
If you are logged in on the BP homepage, there is a section on the right hand side of the page titled “local events”.
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14 March 2018 | 7 replies
Your total basis will be the purchase price plus any cost to acquire (like commissions, fees, transfer taxes etc.).
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12 March 2018 | 1 reply
Lenders typically use a handful of local attorneys/lawfirms for the bulks of the foreclosure work and many times the Trustee named in the original deed of trust does not handle that type of work.
12 March 2018 | 7 replies
Mortgages have a "due on sale" clause, which means the lender has the right to call the loan and demand full payment of the balance if the property is transferred to another person.Whether or not there are ways to legally get around that is above my pay grade, so I would advise speaking with a real estate attorney before proceeding.
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15 March 2018 | 7 replies
My husband and I want to re-title our three Wisconsin rentals into an LLC. Is it absolutely necessary to do this through an attorney? Any opinions if it's really necessary to use a warranty deed vs a quitclaim deed? T...
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15 March 2018 | 10 replies
She has plenty of cash on hand and large dividend-paying stock accounts and is willing to put down a higher deposit.