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?"

Hello BP community, I live in MA, and I am purchasing a second property in a same condominium.  The one that I currently own is rented out, and I'm looking to rent out the second condo when it is bought.  However, I g...

Good Morning All,  Can anyone from Phoenix answer the following questions ?1) Is it illegal in AZ to do a double or simultaneous closing  and which situations require these types of closings?2) What are the steps invo...

Hello all, I am starting to learn about investing in real estate and I am currently working with a group to learn from each other and start investing together.. I have heard that it can get messy for various reasons. ...

I see many conflicting opinions on BiggerPockets regarding forming an LLC.  Specifically, the merits of a umbrella policy vs LLC protection, etc.  That's not what this question is. :)Everyone always mentions the inabi...