The property is located in California.
I am filling out a quit claim deed for property that my brother and I have in joint tenancy. He will quit claim deed his portion to me.
1)
For the transfer tax calculation,...
I purchased a property back in early 2015 for 35k without financing. Since then I've spent roughly another 10k to perform the demo, put together drawings and for permitting. The property is currently in my name, but...
Clarification. When using the Fannie/Freddie/Federal Home Loan Bank second home occupancy loan and you transfer title within the first year to an LLC that the borrower is majority owner of it will not trigger the due...
I had question today about moving a property into an LLC that was purchased with an owner occupied mortgage.
The guy I was talking to said that he had heard the new tax code penalized you for transferring a property ...
Hello everyone! I had this idea a while ago but I'm wondering if it would be plausible. If I purchased a home that needed renovating and did the BRRR strategy, would I be able to sell that to my business partner or vi...
I found a real estate office I would really like to work for, but I have a deal in escrow that will not close for the next 40 days. Is there a way to sign a new contract and safeguard my current deal so I don't lose m...
I have read that there are a number of obstacles when buying a SFH under an LLC (i.e. having to use a commercial lender, higher interest rates, shorter amortization and balloon payment after 5 years). As a result, man...
I bought my first three properties in 2016. One is owned in my name alone and the other two are owned in my and my partner's names. They were bought with our own cash. Our intent had always been to essentially sell th...
Does anyone know if you have to pay documentary stamps on properties that you take "subject to" existing liens?
My attorney is advising me that I must pay doc stamps on the amount owed on the existing mortgages if a ...
Hello BP friends!
I have a few properties that I had to close in my name, but I'd like to move them under my LLC now.
Do I need an attorney for this, or is this something I can do on my own by filling out some leg...