31 January 2019 | 3 replies
Whole alot to learn before start pulling the trigger.
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3 February 2019 | 6 replies
While transferring the property into the LLC can trigger the Due on Sale Clause, transferring properties into a Land Trust does not trigger the same red flags from a bank. from there you can nest the Land Trust into an LLC, still granting you the liability protection of the LLC.
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5 February 2019 | 6 replies
@Chris K. should be able to answer this, but i do not be leave this would trigger the transfer tax, if you are keeping the same trust and not starting a new one but changing the beneficiary then this should not trigger it, the trust is still the owner, it does not matter who the beneficiary of the trust is. it may also depend on what type of trust it is in.
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31 January 2019 | 2 replies
I'm still looking for a CPA/tax advisor around Tampa, but I'm about to pull the trigger on a couple deals and don't want to do something that should have been done differently from the start before speaking with someone.
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23 October 2019 | 19 replies
Here's a story of one of my buildings (after 6 years of headaches, I sold it for over a $1 MILLION profit).https://www.biggerpockets.com/forums/311/topics/64...To answer your question, so as not to trigger the Due on Sale clause, you should transfer the deed first to a landtrust then you transfer the beneficial interest of the landtrust to your LLC.
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2 February 2019 | 12 replies
The lender will not allow it as you will trigger a technical default.A commercial bank will lend you money for the property if it’s in a new LLC.
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2 February 2019 | 34 replies
Just pull the trigger and work at it.
19 March 2019 | 6 replies
To me, pre-foreclosure is the default period after the due date or, after the default that triggered a demand (Taxes, insurance, illegal transfer, etc.) but before the filing of the notice of default (Or first legal in a judicial case).
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12 May 2020 | 18 replies
Holding off on pulling the trigger though, I'll likely want to move to whatever market I end up investing in long term so I've been checking out good MFH in both markets as well.
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2 February 2019 | 3 replies
The transfer could trigger the Due on Sale Clause, but you can us a Land Trust because it does not trigger the same red flags to a bank/lender.