Jennifer Porterfield
PA tax on Sheriff Sale and Funds for Pmt
Looking to buy at Sheriff's Sale in Lancaster county PA (for the first time). Found a property I'm interested in... have done title search etc. I have a few questions regarding this..."All applicable realty transfer ...
Josh D.
"Subject To" Investing - Transfer Tax on Deed
Does anyone know if you have to pay documentary stamps on properties that you take "subject to" existing liens?
My attorney is advising me that I must pay doc stamps on the amount owed on the existing mortgages if a ...
Brad Swaney
Auditors Website shows $0.00 purchase price
The auditors website in area I have been looking at real estate deals, has a transfer history and shows purchase price. I come across some investors who purchase these properties and shows that the purchase price wa...
Elliot Wagner
Is $4K Owner title insurance good for a 1.3M home?
We're closing on a 1.3M home in Sevier County, TN and we got quoted $4K for Owner Title insurance in our closing costs. Does this sound like a good price? On our previous purchase, we paid much less, so $4K seems like...
Richard F.
70% ARV Assumption --> Not with Transfer/Recordation Tax (MD)!?
Hello All,My computer processor has been completely exhausted trying to help me determine whether my conclusion is valid in regards to investing in Maryland (Montgomery, Prince George's, Anne Arundel, Baltimore Counti...
Peter Tryon
Land Contract
Hello everyone,
I am new here so I apologize if this is the wrong section to post this.
But..I am currently working on purchasing a multi family property using seller financing. I have negotiated a price and set term...
Elliot Erickson
Question about Closing Agent Pricing
Hello,I am putting together a deal and looking for a title company in Chicago. One got back to me with their pricing and I'd love some advice about whether it is a fair price or not. It is more than I thought, at th...
Kinju Dudhia
Transferring rental properties to LLC
I have bought 2 rental properties in Michigan with 3 other partners. We formed LLC using zen business online. I am trying to transfer the deeds of the properties to the LLC with help of a lawyer. He wants me to get an...
Joe Boggin
Selling property to myself?!
after much research about LLCs and rental properties and umbrella policies I know the extremely conservative approach is to have each rental property in its own LLC. Assuming one was to do that with rental properties ...
Jay Truong
Transfer Property to LLC and Tax on Selling Profit
I have 2 scenarios that I would like to ask on the tax. At this point, I don't know whether I should do it.
1. I want to transfer a property I just purchased to my LLC A on title using the Warranty Deed. I purchased ...