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28 October 2019 | 10 replies
Most likely, he would trigger the due on sale clause by transferring it to an LLC.
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2 November 2019 | 16 replies
I have been wanting to get into RE for the last couple years and finally pulled the trigger about a month and a half ago.
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29 October 2019 | 9 replies
Good day BP people, I believe I'm close to pulling the trigger on a fourplex that I found off market.
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31 October 2019 | 6 replies
What could have happened to my guys if they'd have pushed something just the wrong way to pull off a trigger squeeze?
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2 November 2019 | 3 replies
If you are doing a quit claim deed for a property in your name into an LLC where you are a member, then no capital gains tax is triggered.
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30 October 2019 | 0 replies
If she doesn’t pay the rent on time, it will be treated as late payment and will trigger late payment procedure defined in the contract.
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30 June 2021 | 25 replies
Pro: in some state you won’t trigger a reassessment on your property taxes (in some however you will have to disclose the change of ownership)You may also not have any stamp tax as there will be no new deed recordingYou won’t have to pay for a new LLC.The LLC will be more seasoned and may look better for a lender.If you put a trust as member or another anonymous LLC, it will give you great anonymity on the ownership.Con: you inherit all the past liability of the LLC.You inherit also the initial depreciation of the property from the initial buying cost and also the recapture...For all these reasons, I rarely buy an LLC but prefer to deed the property into a new LLC instead.
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5 November 2019 | 76 replies
Although this is an AMAZING platform with tons of free knowledge from big players in the game, 80% of the folks on here will never pull the trigger and invest in RE.
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8 November 2019 | 5 replies
I recently had the opportunity to send my first contract but a part of me was still hesitant to pull the trigger.
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21 November 2019 | 27 replies
Ask me how I know ;)Aside from that continue to be a sponge and learn as much as you can... then pull the trigger!