It's customary for the Seller to pay the transfer taxes (and inspections for termite, well and septic if you are outside of the city) split the title attorney fees and the seller will pay broker fees.

But there is a way around this problem.The first step is to get your financing in your personal name then use a land trust to execute any transfers into your LLC or Series LLC asset-holding company.

Second: My property manager recommended that I only transfer the utilities into my name instead of setting them up to auto-revert.

I usually estimate 3% for closing costs in the area plus prepaids.You will also find that lenders will often slightly over estimate costs, then they will drop on the final, because if they underestimate they can be in for some doo doo.Also theres going to be some variance here based on lender fees, first time home huyer recordation tax discount, whether or not you buy owners title insurance, if its in an hoa...hoa transfer fee.

Plus there's also the potential risk that a bank *could* call your loan because most mortgages these days have a "due on transfer" clause.

I have an existing LLC, would it make sense to transfer the personal property into the LLC as an Asset to begin the investment portfolio through a business entity and reduce personal liability and being over-leveraged?

Again, you may run into transfer limits with some of those other apps which aren't necessarily designed for the purpose of rent collection but the right landlord software can make this seamless for you.

I suspect (but I could be wrong) that asset protection will require that you transfer the ownership to your LLC, either directly or thru a land trust.There are disadvantages of transferring property into an LLC, so do consult with an attorney.PS.

Usually you’ll be paying all transfer and recordation taxes.I work with a number of investors in Baltimore.

Hello does anyone know if it is possible to transfer a property that I own into an LLC that I have 20% ownership in, while still maintaining 100% ownership of the mortgage attached to the property?