Hello people,I have a question about transferring my properties into LLC name, which I establish way before I go them.I was calling up my banks today to ask them the permission to transfer the properties to LLC name i
I'm not a CPA, but a big kickback from sellers that have a ton of equity is they do not want (rightfully so) their property taxes to increase when they trade their home. The average % for CA is 1.25% of the purchase p...
Hi all,I am about to move and use my current house as my first rental property. I currently have a Ginnie Mae loan and I would like to transfer title of the house to an LLC. I reached out to my loan servicer to inquir...
Hi was wondering if anybody could help me out here I know the concept of purchasing with the personal name and then transferring to LLC my question is would you have to pay transfer tax on that I'm not sure if this ma...
Hi! Is this possible and/or common? Thanks!
A friend of mine was instructed by his mortgage lender to close on a property in his name to get a better rate. After closing he transferred the property to an LLC owned by himself and 2 partners. Now he is having iss...
Hi, I am a newbie seeking legal advice regarding my first investment property. I hope someone can help who knows the ropes. Here is my situation:
I purchased my first investment property with 25% down and the rest of ...
Now with the 20% tax deduction on pass-through income....how simple is it to setup an LLC and transfer a property to the new formed "company?"
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 am a Philadelphia investor. I purchased my first property a year ago and am currently house hacking it. I am in the process of purchasing another and doing the same. When I move into the second property I plan on tu...