I need to transfer a property of mine back to an LLC (I had to transfer to myself for a refinance) and want to do this without hiring a lawyer. I figure I can just write up the deed myself using the same language that...
Thank you everyone in advance. I'm just starting out in real estate investing and for the past 6 months I've been challenging myself to learn everything and anything I can about it. First of all, I appreciate the saft...
In reading my 1993 fixed/adjustable mortgage note (5/1) I have the standard paragraph 11 "Uniform Secured Note" statement that can trigger a "due on sale" clause. It reads "If all or any part of the property or any in...
I have a multifamily property that I closed - residential investment loan. My real estate planner suggested creating1. Create a Limited Liability Corp [LLC in my state] and recording the deed into Commonwealth.2. Sinc...
We're in the process of selling a condo that my husband inherited in Hungary. The sale will be in Hungarian forint. What is the best way to transfer that money back to the U.S.? Should we use a bank or an online servi...
Hey All,
I want to move 2 of my investment properties under my personal name to a LLC that I own for liability purposes. Is there tax of any sort that I will need to be aware of if I do that? I am in New York City, NY.
"....If you buy a property and transfer ownership to your LLC, you might have some issues when you go to refinance. Fannie and Freddie will only buy or guarantee loans that are issued to a person, not a business entit...
Hello,I am currently evaluating several properties and one that piqued my interest is listed for sale by owner. I managed to find info on the property on the county website and it looks like the last transfer happened...
Hi guys, I have a question for you...Ive been trying to transfer my 2 houses into 2 LLCs but really worried about due on sale clause. (If the bank finds out I transferred a house into an LLC the bank can make me pay a...
is there a way you can avoid taxes buy transferring stocks that have grown over a while to income producing investment rental real estate?