Armand Farr
Double tax filing for property transferred to an LLC
We're looking at buying a property, then transferring it into an LLC after rehabbing it and refinancing it (normal banks won't loan to the LLC)Would this result in us having to file both a partnership tax return when ...
Mathieu Roegiers
Transferring property from one LLC to another // Commercial rates
Hi all,
I have an LLC in NY with one apartment. I have, with my brothers, created a new LLC and signed for a second apartment. We are trying to close since March, but due to covid 19, we are still waiting for the Ta...
Aaron W.
Process to quitclaim, refinance, and transfer property to LLC
Currently own a few properties in mine and my wife's name, and are planning to cash out refinance these properties to purchase more properties. We understand there are a limited number of loans you can hold in your na...
Ramiro Rodriguez
Mother passed but Deed transfer to living daughter issue
I have a motivated seller lead that inherited a house from her mother (that is now passed away) But the deed is still in the mothers name. What are the steps you need to take to get the deed into the daughters name so...
Bishoy Takla
Section 8 porting question - Tenant transferring his HUD voucher
Hello BP, I have a section 8 question. One tenant is planning to move (port) his section 8 voucher to Dallas and use it to rent my 1/2 duplex. - Can I charge him a deposit to hold until all the paperwork is transferre...
Jake Sablosky
Seller did not transfer "last month rent" on sale
Hey there BP,So unfortunately I did not do my due diligence correctly during the purchase of a property in October 2019. The seller's lease states that she collected first and last month's rent, AND a security deposit...
David Gjeldum
Transfer of ownership to a LLC, frees up credit?
Hey everyone,
Thinking of buying a condo here in Chicago (I know none of you are fond of that, but I have my reasons)
Say I buy a unit/finance it in my own name. If I transfer ownership to a LLC, does that free up m...
Vadim Shapiro
Transferring property to an LLC that is owned outright
Hi Everyone,
I've searched through alot of the materials in the forums on this subject and everything that I found was for transferring properties to an LLC that have a loan or mortgage. What about if I own t...
John Pruner
LLC questions - getting mortgages and transferring property in/out
Hi,I have a few LLC-related questions.If I own a house with a mortgage, is there any easy way to transfer that house into an LLC?If I go to a bank for a mortgage on an investment property that I want to purchase, will...
Cory Dean
Dallas, Texas: Transferring an FHA Loan to an LLC
Good afternoon everyone!Me and a business partner are in the process of forming our LLC, in Dallas Texas, which will own all properties we buy and hold in order to build equity.Due to low investment capital up front, ...