George Gallagher
Transfer ownership to an LLC
I bought a duplex in my name and wish to transfer it to the LLC I just created. It is located in Luzerne County, PA. A more seasoned investor (form outside this area) told me to quit claim the property from myself...
Alan Bostick
Buying occupied units question
I have not heard in podcasts or read in any book yet about this topic. Is it customary/required to have tenants security deposit transferred to buyer at sale or is the buyer responsibility to provide that when the ten...
Karen Johnson
Transfer Tax in Family Transaction (Philadelphia, PA)
Hello,I'm hoping someone can clarify this for me as I've gotten conflicting information. Scenario: Husband and Wife purchasing home that is owned by Husband's Grandmother, Mother and Uncle jointly (each have 1/3 inter...
Shia Mandel
Transfer value price
Hi everyone, how is that when you see a foreclosure home listed on a site and it shows the transfer value 90% lower then the market value does that transfer value reflect the price that it will eventually be on auction?
Sean McKee
How to use HELOC to fund down payment?
Hi,I am going to be using a HELOC to fund my next property. The HELOC came with two starter checks in the mail I am able to use. How would I actually go about accessing the HELOC funds for the down payment? Would I ne...
Michael Soukup
Need advice on an idea for acquiring first property using my VA loan.
I am trying to figure out if there is a way to buy an investment property with my VA and use my LLC for the purchase or a way to transfer it over to the LLC afterwards. Is there anyone that is familiar with or at leas...
Rufus Brown
Property manager debt
I own a condo in Tallahassee and the property management company (PM1) for the building, had an ownership split. The other owner created another company, which I will call PM2. The split happen in August 2014, so all ...
Chris Mackinlay
Creative Financing help
Greetings! I have spoken with a lender who says it is possible to use 401k money to fund a home purchase. Spoke to my 401k custodian and they weren't sure of the exact details of doing that. I'll need to look at all t...
CJ M.
Survivorship Deed or Transfer business?
Hello,None of my deeds are Survivorship, however I want to make sure my family is taken care of whenever my time is up on this Earth! I can change the deeds for I think $35-$40 each, but was wondering if instead, I co...
Aaron Moayed
Can't Place Conventional Loan Title in LLC?
My mom's mortgage broker told her this: "A conventional loan, Fannie, Freddie, or VA, FHA do not allow title into a LLC. Commercial loans (5 + units apartment buildings) allow it but not for residential. Or ...