Mike Kalob
Avoiding Transfer Taxes into LLC
Anyone successful moving a property from their personal name to single-member LLC without paying the Realty Transfer Tax? I prefer using a Warranty Deed vs Quitclaim based on previous posts here.Here's a case (https:...
Fantasia Bowser
How does transfer tax work ?
I have a property I'm getting ready to put under contract to wholesale. The seller contacted me today to ask if he has to pay for transfer tax since he lives in NY but the property is in NJ. Does anyone know if normal...
Account Closed
Transfer Taxes on Double Closing
How many Wholesalers doing Double Closings are paying the Real Estate Transfer Taxes?These can be quite expensive in some places. For instance The State of Pennsylvania charges 1% of the sales price and the munici...
Dustin Verley
1% Increase In Transfer Tax
With the upcoming increase in the transfer tax in the State of Delaware, I'm looking to hear how this could influence investors current investing strategy. Granted when you think about it, this is only $1 more per $10...
John McKee
LLC registration and transfer taxes
If your home base is in one state, but you're buying a property in another state do you hire a registered agent to represent that property/entity. If so can you avoid paying additional foreign entity transfer taxes u...
Mark S.
LLC Transfer Tax in TN
If you transfer an investment property from your personal name to a single member LLC in Tennessee, is there a transfer tax?
I just listened to a podcast that suggested this applies in some states, but not others. A...
Allen Holmes
Double transfer tax in Philadelphia
Hello everyone, I am a new wholesaler in Philadelphia. I was wondering how the double transfer tax, for assigning contracts, has impacted business, and is there a legal way around it.
Christian Malesic
You Pay All Transfer Taxes
This is a reminder to all REO investors or would-be REO investors:
If your state has transfer taxes that are normally split between the buyer and the seller, most banks make you pay both sides on REO deals.
Be sure ...
Joe Edwards-Hoff
Hidden fees in Transfer Taxes???
Hello,So, my friend and I are both buying houses at the same time. Both putting 5% down on conventional loans. His place is 175k and mine is 185k. My credit score is higher. All that said, we noticed that he was bein...
Marci Stein
seller always pays transfer tax?
Closed on house in may , and yesterday i get the owners policy
of title insur. in the mail, along with a statement for a transfer tax for $132.
doesnt the seller pay that? can i be billed for something...