Daniel Chen
Question regarding LLCs for my rentals
Hello everyone,I already setup a new LLC for several properties that was rented as our family investment property. I have not yet done with filing the quit claim deed but I talked to my lender and they are okay with i...
Quentin Hollis
How do I avoid triggering a due on sale clause with a subject to deal?
I'm currently working on my first real estate deal and will be buying a property subject to the owners existing mortgage. I've done some negotiation with the seller already and we've agreed on the broad terms of the d...
Kevin Smith
transferring into LLC
ok guys just to make sure i got this straight this is how it goes.
I own 4 properties that i want to transfer to my LLC, so what i would need to do is quit claim properties into LLC then after that follow up with my i...
Briette Awbrey
Wells Fargo says I can't convert my rental property into an LLC
Hi everyone,I called Wells Fargo, who services my loan & they said that the investor (Fannie Mae) won't let me transfer my house into a LLC. It was originally bought as a primary residence in 2013 but has since be...
Sinil Kim
conventional loan to LLC
I just bought a my first investment property in NJ.I borrowed from Chase with conventional loan. How can I transfer the deed to a LLC ?Can I use quitclaim deed by myself? or should I talk to Chase bank or just hire CP...
Leewood Chan
Tax questions for the Rental property after transfers title from personal to LLC
My Sister and I bought rental property on April 2020, and it listed and rented start on July 2020. On June 2022, we established LLC and transferred title from our personal name into LLC.1. Do we need to split the dep...
Jerome Joseph Gainer Jr
Should I put my rental properties under an LLC?
I own a property in Miami Beach that I rent out short term and a property in Austin that I rent out long term both with mortgages. In addition to those, I manage my Mother in Laws long term rental in San Antonio whic...
Jimmy S.
I have to pay 2% transfer tax?
I bought a bank owned home and I was under the impression I only had to pay 1% transfer tax. On my end of contract just a normal contract says buyer and seller will split the transfer tax. The bank is the seller. Now...
Daniel Kong
Out of State LLC - Where to open Bank Account?
Hello. So I live in Hawaii, but recently purchased a rental property in Indiana. I plan to transfer the property into my Indiana LLC. My question is, should I open my business bank account in Indiana, or can I registe...
Joshuam R.
TRUE OR FALSE - Fannie Freddie
"....If you buy a property and transfer ownership to your LLC, you might have some issues when you go to refinance. Fannie and Freddie will only buy or guarantee loans that are issued to a person, not a business entit...