Nicholas Weckstein
approved for loan but closing costs outrageous
so i'm approved by wells fargo for 145,000 with 25% down. my rate is 4.875%. buying in the scranton PA area. paying no points. and here's the kicker which i feel is insane...$10,059.86 for closing costs and prepaids ?...
Ray Tran
Starting a LLC for new investor. Advice. Help!
Hello all,
I would like to start investing in houses professionally on the side. I currently own one rental/investment property in my name. I am currently in the process of g...
Sean H.
Switching over to an S-Corp while holding a property?
I have 6-7 houses/lots, and i want to switch over to an S-corp. One in particular that im in the middle of closing right now. The S-corp has already been created, so if i create an S-corp account to have the money dep...
Ayen Lee
Rental property under LLC,do I have to inform the Mortgage Comp?
Hi there!I have a rental property in Las Vegas that is under LLC (newly formed LLC), Am I obligated to inform the Mortgage company about this? Thanks!
Calvin L.
How to swap ownership with a sibling?
Hi I own two properties of roughly equal value with my sibling. Each of us own 50% / 50% of each property. What's the best way to swap ownership so that in the end each of us own 100% of one of the propertys? Is there...
Account Closed
Putting property in a LLC. Newbie help!
I met with the mortgage lender on Tuesday for my first investment MFU. I'm gonna live in it to satisfy the tax incentive. However, I want to protect myself legally and asked the lender about putting the MFU in a LLC. ...
Jai Bilimoria
Refinancing out of multiple member LLC
I own two rental properties in the Phoenix, AZ area and both are single family homes. My father and I both own the properties in one LLC called Property Enterprises LLC (50/50 split). We bought both properties in 20...
Helen Zhang
Putting properties under LLC or Trustee?
I am considering to create a few LLCs and transfer titles to those LLCs. But before I do this, I noticed many property owners were putting properties into Trustees.
I wonder if theres any information that I am missin...
Jeremy Bohnett
Partnership Deal while LLC is being opened
Hi everyone! I'll try to make this as simple as possible.My business partner and I are opening up an LLC in Arkansas but the process is held up for 2-6 because our registered agent had to fax a form to the IRS to rece...
David Fernandez
Legal/Tax implications of buying an LLC that owns Real Estate
Hi!II am looking to buy a small apartment building in Maryland that it is owned in an LLC. The seller suggested to buy the LLC that owns the building to avoid paying transfer taxes.I can save some money doing this, bu...