If you purchase an existing LLC that holds real property do you avoid transfer tax?

Do you keep the existing basis?

If anyone has done this an can elaborate on The pros / cons I would appreciate it. I'm going to co...

Hi,  We currently have a renter who just signed a new lease for a year (Nov. 30th). She has been with us for the last year and a half with no issues. in California.The property has a home, and two apartments.  We use ...

I am closing on my first rental in two weeks. It is a single family middle unit townhome. Total mortgage payment (including taxes and insurance) will be approx. $1,850.00, the rent goes for $2,400-$2,500 a month, and ...

Getting feedback on a situation.Transaction of 4 million and buyer is putting down a certain percentage. Seller is agreeing to carry back 5% second of 400k fixed with a 30 year amortization for 2 years.Sellers comment...

Hello All!

I don't know if this is a Market-Place question but I had a fellow investor express his concerns about selling his homes on Land Contract so I'd like to pose the question here, using our terms: Does our m...

On a different thread, I was challenged by my usual sparring partner @Eamonn McElroy. Our purely theoretical disagreement was over a $100k excavator to be used in a rental business, which I'd call a stretch to even co...

I purchased a tax certificate, the original owner attempted to redeem and sent me a form I had to sign I responded back certified mail with a date stating I agreed to redemption if done no later by a certain date. He...

I made an offer on a bank owned home. The bank counter offered on a Monday with no expiration on the offer. The same week they requested highest and best offers on Thursday. I attempted to accept the counter offer ...

Situation: I have a tenant who due to sudden illness needs to end her lease early and return home to her family in Ohio to care for her. She isn't disabled by the illness, not covid - just needs medical attention. She...

Hi everybody, I'm a first-time rental investor wth a general question about the financing process. I have the opportunity to purchase a six-unit apartment building in Pennsylvania with likely sales price of around $45...