Cross posting this ... I have an adult special needs son. I bought a 4-unit property for him to live in (I occupy one unit as well) and so that when I die, he will have an income stream above and beyond his Disability...
I know there are quite a few posts about pros and cons of doing this but just in case I want to transfer the properties to a LLC, what is the process and cost? Is it expensive? Is it considered as a sale?
I am in a situation where I had some money for a down payment to invest a few years back, but my small income and fair credit was not enough to qualify to buy an investment property. My boyfriend at the time had a goo...
Hello,I'm looking at transferring a property out of my name to my LLC. From my research it looks like I need to file a quitclaim deed with the county clerk. I'm more concerned with how this affects financing, so some...
Hello Everyone,I can't seem to get an attorney to call me back so I thought I would ask the question here. My mother put the deed to our family home in a Trust Transfer Deed in 2003 for my two siblings and I. The ho...
I wanted to ask a simple yet complicated question about leverage on your properties. As a CPA, I’m aware of the implications of establishing your business incorrectly or the possibility of losing tax attributes due t...
I currently have 6 single family rentals and 2 flips at the moment. My goal is to start treating real estate as a separate business (I also have a day job). I have an LLC set up with a bank acct and all that. But the ...
So I see the question of transferring a property to an LLC has been asked about 10k times, but this is not that. My business partner and I are under contract to buy a SFR under the LLC that we do flips out of, but due...
I recently closed on a property on my name and mortgage on my name.It was transferred to Mr. Cooper. I called today to see if I could transfer deed to LLC and they told me that since this is a Fredie Mac loan, they do...
So my farther is looking to transfer his property in New York City to me. The property is a single-family that has about $150,000 left on the loan and is currently worth over $500,000.I have never done a "gift" prope...