Hey Bigger Pockets,One of my 2020 goals is to open and transfer my properties to few LLC's. I started contacting lawyers and was told that I'm not allowed to transfer a personal loan to an LLC and if I did the bank c...
Hi all, I am currently looking for the best and less costly way to transfer a deed into my name from a family member. The family member is willing to give me the property but I’m not sure on the best way to handle thi...
First off I am not an electrician, but before I call one I want to know if this is even a thing people do. Here is the scenario: I own a duplex home with two electrical services, one for each unit. I have a detached...
Good Evening All,My tenants are moving in tomorrow and I requested that my electric be cut off on the 14th. They sent a notice stating that termination of the service would happen at midnight. Does this mean that they...
Hypothetical question,If a borrower of an active mortgage is at pre-foreclosure and they decide to transfer the deed to another individual, what are the consequences for borrower and if any for the new individual that...
Does my LLC need to own the rental for its name to be on the lease? I own the property & LLC but haven't transferred the property because my mortgage company says I can't.
Hey Everyone,
I'm really close on my first BRRRR property and very excited! I have one question for everyone as it was brought up to me today.
I am going to borrow 190k for the deal using private money.
I found a b...
I've recently been using some of those "0% Balance Transfer" cards to help fund my deals. They have a 0% introductory rate for 12 months or so, and you pay 3 points up front. That's incredible compared to hard-mo...
I came across a house that's going to be sold at a foreclosure auction. I did some research and found that the owner transferred the property from his name into an LLC about 2 years ago. Would that have any effe...
Does anyone know of strategies for minimizing income taxes on intra-family land sales? I'm purchasing a portion of a family farm from my sister. We co-own the remainder interests on our father's life estate. He is sti...