Robert Koulefianou
Tax implication of transfer of a deed from a person to a LLC
Hi Members from BiggerPockets
I have an investment property in Maryland and I'm planning to transfer the deed to a LLC I own. I need to know if I will pay any tax by doing so. Please let me know.
Thanks
Brendan Bracken
Self Directed IRA's?
What are best SD IRA's for real estate investing? And why only $7k per year max limit for over 50 year olds? Seems a tiny amount
James Fisher
Newbie Here Residing in Maryland
Ladies & Gents, my name is Jimmy Fisher, and I'm new to the REI world.I work a normal 9-5, but my plan is to start flipping in Baltimore, expand from there, and ultimately move into the rental market. I've had two...
Juan Pablo Murillo
Title - LLC transfer
My business partner and I are buying a rental property (2bd/1ba) in Michigan. We’ve also formed an LLC in the same state. We’ve been preapproved for conventional financing. Because our LLC is new, we’re using personal...
Ryan Keenan
LLC / due on sale clause help
Hi BP, trying to change the title of my rental property out of my name and into my LLC. The bank said that it was fine however they will still report to my personal SS# and the insurance must stay in my name not the ...
Donald Cooley
Multi family questions
Hi all, I may have an opportunity to pick up a tri-plex that is fully rented. What is the process when purchasing and taking over the property from a managing stand point? Are there new lease agreements? What about se...
Craig Wala
Buying a house with tenants and an existing lease
Folks,
I am planning on buying a house in Texas with tenants and an existing lease that will end in late 2014. Seller has a property management co XYZ they use to manage this property.
What I want to fi...
David Y.
Self Directed Roth IRA
Hi Everyone, Good day! I am a newbie here and I was wondering if anyone knows a good institution for the self directed IRA account that would allow REI later on. I heard that some institutions allow it and some don...
Vivek Jalahalli
Using Credit Card Balance Transfer as Down Payment
If I get balance transfer from 3 cards totally $30K and then add up my personal savings of $30K , totaling $60K to make a 20% downpayment for $300K rental investment.Does banks have problem providing mortgage loans ?...
Terry Royce
Paying Transfer Taxes on a Wholesale
I was talking with a friend who works at a title company here in MD. I was asking him about assignment contracts and he said that alot of companies don't do them because it can get THEM in trouble. His reasoning was t...