Are federal/state taxes due as a result of the title transfer?  

@Jill JohnsIf you are within the 2 year period after having the SIMPLE IRA, you are correct- you can only transfer to another SIMPLE IRA.

If I'm wholesaling a residential property and put that property under contract with the homeowner-when I open escrow with the title company, will the property appear to be under contract online and/or a title transfer on property title search???

We will eventually transfer to an LLC.

I've now transferred out and working abroad and many banks doesn't recognize my foreign income because I don't file W-2 income anymore. 

The advantage of buying a nicer property is that what you are currently doing transfers to that property.  

If we do that I would have full disclosure to you and confidentiality etc etc"You don't have to tie the house up, you do not need "Equitable interest" in the property.

I'm 22 years old, I work part time and I just started school at west la community college with the intention of transferring to a 4 year.

The reason they do not want to use another title company is because they are trying to do a simultaneous close, possibly via transaction funding.It is not atypical for a wholesaler to ask for transfer taxes and U&O.If they ask that you pay all their closing costs, beware, it could include a lot of junk fees.Add all this to the cost of acquisition and see if it is still a good deal.

It was advertised if I use the broker there will be a 4000 closing creditlender fee 1450appraisal fee 520attorney documentation prep 200survey fee 390Prepaid:homeowner insurance 1080Reserves:homeowner insurance 2 months: 180property tax 2 months: 1066title/closing feestexas guaranty fee 6escrow messenger fee 10tax cert fee 130electronic recording fee 20settlement fee 375owner title insurance 165lender title insurance 1563endorsements 78.15Recording and transfer fees:Fees 108NTP recording fee 20Additional Settlement Charges:HOA dues: 950HOA Capital contribution: 475HOA transfer fee 150Any advice would be appreciated!