Good morning! I have a vacation home that I am looking to convert into a vacation rental full time and was advised to transfer the title into an LLC to protect my other assets. In addition my legal counsel advised me ...
Hello. This is my first time buying multi family. Funded 02/28. The sellers rep who is also the property manager refuses to transfer Mar payment to me which tenant paid to her 2/28 (she did not told them new landlo...
Hey all, My brother in law had a home seller financed. He offered the note to his father (my father in law), for sale and Dad bought it. I take care of issuing 1098s for these few properties. I assume I issue one 1098...
My bank, we will call 'local bank', has a transfer limit of $6000 per month, in or out as a bank to bank online transfer limit. I've contacted them and they have to get management approval to transfer more than that,...
Hello all, i have been managing and updating using personal finances a 13 unit in Ca since purchase 5 years ago. I have an opportunity to take over the existing liens and transfer ownership with the seller financing f...
Hi BP friends,
This is my first post. So I’m looking for some advice. My wife and I are currently small investors. We do currently have an LLC setup but after going to refi some cash out of one of the homes, I realiz...
My wife and I have three rental properties in Ontario owned in our own names. Our accountant had initially advised us to do this when we thought we'd only have one or two. Now we have three and are looking to add mor...
How long does the process take to transfer from personal to an LLC when purchasing a new property and what is involved? Also could I be liable during the transition period?
Hey everyone, I'm pretty new at this and am working on having my first deal done before the end of the year. I have my strategy for acquiring my first property pretty much down, but there is something I am concerned ...
I bought a duplex in my name and wish to transfer it to the LLC I just created. It is located in Luzerne County, PA. A more seasoned investor (form outside this area) told me to quit claim the property from myself...