Spencer Hilligoss
DEEDS - What type to use for an LLC transfer? ... cost?
We just closed on our first investment acquisition - a cashflow-positive duplex! Now that the deal is closed, property manager is hired and lender has approved an LLC transfer.... it's time to tackle the LLC transfer,...
Andrew Merritt
Quitclaim to LLC, Due on Sale Clause Triggered
Hello, I have four properties and 10 units. All were purchased in my name. My accountant advised me to set up an LLC for them, so I did. I contacted my lenders to see if it would cause the due on sale clause to be ...
Gordon Brown
LLC conversion
Hello group, I have owned two rental properties for about 10 years. What is the process of putting the mortgages under llc from my personal name?
Shane M.
Title Insurance effect on LLC transfer
Hello BP Members- I will be transferring my property from my personal name to my LLC. Do I need to let the title insurance company know and/ or does this affect title insurance? Am I required to get a new title insura...
Neil G.
Converting to STR - LLC & Insurance (Mortgage Implications)
I purchased my first property under my personal name and secured a mortgage as a "second home", but the plan was really to rent it out as a STR. My mortgage broker told me to simply get the "second home" insurance pol...
AJ Wong
Would you sell a house for Gold or Bitcoin and how?
Looking for some constructive investment community discourse as I've had a few clients reach out recently about settling transactions in 'alternative' currencies or trading for real property. This is not intended to b...
Joey Fontenot III
Land Trusts
I have read through a bunch of posts about land trusts on BP and am getting mixed signals on their worth. I wanted to know if you guys are utilizing them? If so what benefits do they have for your particular real ...
Jeffrey Fecko
Buying one person out of a property owned by a trust
If there is a house owned by a trust and all three trustees currently have ownership of it. Is there a way to buy out one trustee without triggering capital gains taxes?
Tom McGee
How to move rental units from personal to LLC structure
I am trying to restructure my rental units (2 duplexes), currently in PA. Currently, they are financed under my personal name. My goal is to set up an LLC in Wyoming (I heard this is the best state to do an LLC) and ...
Joe Koppel
Should I title my rentals in my living trust?
I am single now after divorce, 58 years old. I want to buy multiple rental properties. Should I title these properties in my new living trust? I want to be able to pass them on to my kids when I die. Not asking for le...