Andrew Hofing
Is it illegal to simply assign contract as a non-licensed investor in PA?
A real estate attorney @ one my REI groups talked about the legalities of wholesaling in Pa and he said that negotiating the sale and simply assigning the contract via back to back closing for a fee is acting as a R.E...
Corbin Jones
Deed transfer - will it hurt my credit?
Hello, I have a piece of land in Arkansas on a mortgage and a home in wisconsin that’s on a mortgage, both through banks. If I quit claim these out of my personal name into an LLC, will this hurt my credit by closing ...
Hunter Groover
Can I invest as a broker?
I'm currently in the process of obtaining my real estate salesperson license. After 2 years of being a salesperson, I'm eligible to open a brokerage. I was going to be a salesperson on the side of my 9-5, then transfe...
Sib Bahjat
Pros/Cons of deeding a property to an LLC
I purchased a SFR property years ago and I financed it under my personal name. I then transferred the deed to my LLC. My CPA advised me to transfer it back to my name and not leave it in the LLC. His reason was that I...
Arthur E.
Prev property mgmt company charging to release prorated rent
To be honest with you I thought I had gotten the prorated amount of rent for August when we closed on 8/14/15, but this wasn't the case. Being that this is my first deal I probably should have paid a little bit close...
La'Terrius Campbell
Quit Claim Deed Question
What is a Quit Claim Deed? And how do you do one? And under what circumstances would you advise doing one?
Todd Gutekunst
Setting Up And Moving Properties Into an LLC
I have an opportunity to purchase a 12 unit property, but I don't have an LLC setup yet. If I purchase the property and then later setup an LLC, how difficult will it be to move the property into the LLC? What would...
Carla M Richardson
Assignment of Contract/ Purchase-Sale Contract
Hello BP Community:I need some clarity as to what all goes into an assignment of contract and a Purchase-Sale contract. Section by section.Also any personal experiences on strategies used during closing would be great...
Jared Kluver
Transferring title from me to my company
Hi,
I purchased a duplex awhile back prior to creating my LLC and would like to transfer title of to it. I originally set up a DBA along with a bank account under that name and have been making payments out of that...
Peter Morgan
1031 Exchange via an LLC
Hello,I currently own a triplex in my name and thinking about doing a 1031 exchange to reposition myself into a better investment. For my next investment I am planning to start an LLC and purchase through the LLC is 1...