I heard that when an out of state owner sells a property in New Jersey that it triggers a 2% transaction fee. Can anyone confirm this is true? If so, would putting the my property into a NJ LLC before selling avoid t...
I am looking for advice from anyone wholesaling in PA and getting around the double transfer tax. I have been told people are using several strategies to do this but I hoping for further clarification and or to see if...
I am looking for advice from anyone wholesaling in PA and getting around the double transfer tax. I have been told people are using several strategies to do this but I hoping for further clarification and or to see if...
Hey everyone! My wife and I are looking to buy a live-in flip property (off-market) from her deceased grandfather's trust. While I was speaking with a mortgage broker about rates, he mentioned that since we were relat...
I am looking for a solution which I can send out leases to tenants for pre-leased units and then ultimately hand them over to the property manager once the project is complete.
A tenant needs to move out early, the current lease has about 10 months left. She would like to transfer lease to a new person (we run credit check, the new person looks good). I wonder how to handle the situation. Do...
Pros and cons of having my properties under an LLC? I would like to know about your experiences and learn from them, should I transfer my properties to an LLC? If yes or no, why? Thanks.
Hello BP,
I bought a property under my personal name, and I am looking to transfer to my LLC. The mortgage company said that it was no allowed. I did get the warranty deed under the LLC. Just need to figure out how t...
My wife and I were in FedEx Office taking care of some Real Estate business when a customer noticed my "This Guy Buys Houses" Hoodie and asked if I did renovations. After a brief conversation, I discovered that she wa...
Bought a rental prop in 2019, thought I was doing the right thing by placing in LLC for asset protection. Has anyone had problems with their mortgage companies after such an event?