Hello BP!I bought a few houses in Philly with a traditional mortgage. due to that, I had to take title with my name. Now I'm starting to form an LLC for each of my units and my question is: Am I subject to transfer ta...
my father is to take ownership of a property for one dollar. he is 67 years old and collects social security. the property is going to be a hold for a couple years. might be a rental but the decision has not been m...
Hi BP, it's been a while since I've last posted but that doesn't mean I haven't been following the interesting posts on the BP forum. I've tried searching for answers to my questions on the forum with no luck, so her...
I'm transferring my real estate from my name to an llc that I just created and having trouble choosing which box to choose on the real property transfer tax exemption information.can someone give me hints as to which ...
Hi friends, I am a virtual wholesaler looking at Philadelphia as a potential new market. I am curious if anyone out there wholesales in this market? and if you are familiar with the transfer tax? I am trying to get th...
In the contract, it did not mention who should pay for state transfer tax and recordation taxes. The buyer is not a first home buyer. Who should pay for state transfer tax (MD)?
1) seller?
2) buyer?
3) seller pays ...
Nevada Clarke County has a strange transfer tax rule whereby if you transfer the property to yourself from an LLC that you 100 percent own, you have to pay transfer tax. Yet when you transfer from yourself to an LLC...
I recently had someone tell me that you have to pay transfer taxes when you assign a contract. Is this true?
I've done contract assignments and have never paid any transfer tax. In my mind, there is no transfer of o...
As stated on the Florida Revenue site, Miami-Dade County is an exception, where the rate is $.60 per $100 of consideration (or portion thereof) when the property is a single-family dwelling. If the Miami-Dade propert...
I currently own 2 rental properties.When I purchased them I had to pay the land transfer tax. Because they are investment properties I did not get this credited back to me.My fiancée and I are buying our first primary...