Your parents could do a "gift of equity" of up to $250k, I would suggest making that number closer to $230k for GOE (to fully max it out,) this way you could also include $20k of sellers assist to payoff those Title related closing costs, as Property Taxes are typically waived for both parties between family transfers.

Amazing,, first download the landlord tenant laws for state of Texas so you know what to do.What did your purchase agreement include, did the security deposit not transfer over to you that she had with the previous owner..??

Thanks @Scott F.I use wire transfers in my investing, too.

It's a hassle for me because I expect a certain amount of money each month and when I don't get it, I have to keep transferring funds from another account to meet the minimum balance so I don't have to pay fees to my bank.  

Not all title companies follow the exact same internal policies and guidelines.

You would ask your attorney to transfer the title over to the LLC.As for your tax question, currently an LLC can be treated as either a partnership or a corporation.

Hello BP Community,I have a client who lives in Turkey, that would like to invest with with my company. Does anyone have experience with foreign investor structure? This will be my first client that resides outside of...

By going route, we save 2% transfer tax, I leverage my empty rental to sweeten the deal, we avoid holding cost and closing costs on the purchase.

It's at the Best Western off of 95 and international.

I did not include the Lender fees (like Origination, appraisal etc) since those are dependent on the lender.I also did not include the PA State/County Transfer Taxes in the closing costs since those are dependent on the purchase price and does not change often.I need to know if the Settlement costs listed above are reasonable?