Turner N.
A few questions on selling old personal residence to LLC
Hello. I am in the process of quit claiming my old personal residence into an LLC to be used as a rental. This is being done in Michigan. A few questions.Should I be selling for $0?Is there any way that I will pay tax...
John Philip Eugenio
Transferring RE to LLC
Good evening BP community,I currently have 3 houses in CA: 2 rental and 1 primary. Both my rental properties are under VA loan with 4.5% and 2.5% rate. I bought these houses as primary residence back then. I would lik...
Tyler Winget
STR Cash Flow / Appreciation Play
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $323,000
Cash invested: $17,000
3bd/2ba operating as an STR in a hip neighborhood just a few blocks South of Cent...
Bruce D. Bolton
Chapter S Properties Transfer to LLC's
I currently own rental properties through a Chapter S corp. To add a layer of liability protection, I'd like to transfer or deed my rental properties to separate LLC's and make my Chapter S a management company (for ...
Don Spafford
Best way to transfer title to avoid tax or legal issues
Hello, looking for some solutions to a problem. My Mother has MS, which is the reason I moved my family to be close to her to help care for her. My Father passed away in 2003, so she is alone. The problem is that she ...
Ayodeji Kuponiyi
Parents gifting adult child with Home
My in-laws recently retired and want to give their home in Philadelphia, PA to my wife. How do we start the proces? Should we meet with a real estate attornery or go to a title transfer office?
Jorge Liang
Pay more to close the loan under LLC or Change the title after the loan closes?
If I close the loan under my personal instead of LLC, I pay less points $~1200. My lender said I can change the title after the loan closes. I am sure there is a cost to change the title after the loan closes + paper ...
Kirby Vandivort
Questions about transferring properties into LLC
I have a few questions I'm hoping someone (more experienced than I) can give me some guidance on.
My situation:
- I have several properties in my own name. Let's say the ones we want to look at for th...
Danielle Tran
Recommend LLC or Keep Under Living Trust
Hello BP Community,I'm exploring options for a commercial property in Long Beach, CA currently held in a living trust. I've noticed many investors choose to transfer such properties to an LLC for legal reasons. If a p...
Paul Teske
Good or bad idea? Property management firm for my own properties.
Hey BP,I'm considering starting a property management firm that will only deal with my own rental units. This company will not own the rentals, because I do not want to trigger the Payment Due on Sale clause in the mo...