I'm considering transferring a property from my LLC to my name in order to refinance. If I decide to keep the property in my name instead of transferring back to the LLC, and sell the property while it's in my name, w...
I am investigating the option to move a rental property from direct ownership to an existing LP. I am the sole owner of both the property and LP. The property is free and clear and was purchased 10 yrs ago. It has als...
Hi Everyone,We have been planning to move the ownership of our rental property into our LLC for tax reasons and to protect our personal assets. However, our lawyer has informed us that it could be problematic because ...
Lets run the timeline2010Grantor: "B" WholesaleGrantee: MaiersSpecial Warranty(signs point to a Foreclosure sale)2009Grantor HendersonGrantee: "B" WholesaleAs Substitute Trustee(Signs point to a foreclosure)2007Granto...
The HOA Transfer Fee is assessed HOA home owners upon the sale of their home. The fee ranges from under $50 to over $1,000 with no requirement to justify the fee based on work performed. It's pay it or you can't sel...
Any thoughts on pro's and con's of selling my personal residence to my rental business in order to capture depreciation? Is that a IRS red flag?
Hi All,We just closed a week ago (Monday 10/04), signing that day, on a Cash-out refi with no current mortgage on the investment property. I was told it would be Friday of that week when I may see the Wire of funds t...
Hi, I'm based in Oakland, CA. Could someone please advise on the tax consequences of transferring a detached single family home between siblings via a gift transfer? Would the property tax basis get reassessed? Would ...
I just bought a house, there are tenants upstairs and down currently. At closing, I received the security deposits and pro-rated rent but was denied the non-refundable pet deposit. I feel like we should also receive ...
Hello, I'm looking to transfer my property, currently paid in full, into my LLC. I'm also the sole proprietorship of the LLC. I'm planning on using a quitclaim deed and I'm wondering if I can put $1.00 as the amount o...