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Results (650)
Jimmy S. I have to pay 2% transfer tax?
29 April 2015 | 3 replies

I bought a bank owned home and I was under the impression I only had to pay 1% transfer tax.  On my end of contract just a normal contract says buyer and seller will split the transfer tax. The bank is the seller. Now...

Jonathan C. Pennsylvania - Rentals, LLC and Transfer Tax Question
6 October 2019 | 20 replies

Originally posted this in General Real Estate Investing but I think it probably belongs here instead.

What is the best method we should use to buy a property and put it into a newly formed LLC?

Our LLC currently doe...

Scott Breier Vancouver BC, new 15% property transfer tax
8 August 2016 | 10 replies

So in light of the new news of the 15% property transfer tax for foreign investors, how does everyone think this will impact the real estate market in the lower mainland? As I understand, this includes all the Metro V...

Sudhir N. LLC takeover and transfer taxes in Philadelphia
5 October 2018 | 1 reply

There is a property in consideration that is currently owned by an LLC and one of the options I'm evaluating is taking over the LLC. Does this option spare me and the seller from Philly's transfer taxes?

Paul T. Wholesaling in PA and double transfer tax
9 February 2019 | 4 replies

This has been asked a few times on this forum before, but I want to get fresh knowledge or experience: When you wholesale in PA, do you have to go through a double close, thus deal with a double transfer tax? This is ...

Nick Mazzarese Philadelphia wholesaling - Title Company & Transfer tax??
7 December 2014 | 0 replies

hello BP,Can anyone recommend a reputable title company in philly for wholesalers? Someone that will do contract assignments...Also, I have heard that there is a double transfer tax owed on contract assignments in the...

Karen Polis Is Transfer Tax separate from Bidding price?
27 April 2017 | 6 replies

Pretty sure it is - but want to be positive. Ex) If I bring $10,000 to an auction and my (winning) bid is $10,000, does that mean I need to come up with the additional transfer tax monies or does that get factored in ...

John Spurlock Breaking it Down: Generation-Skipping Transfer Tax
3 August 2021 | 0 replies

Among confusing legal concepts, the generation-skipping transfer (GST) tax is at the top of the list. Because of its complexity, many attorneys lump it in with concepts such as the rule against perpetuities—topics tau...

Mark Miles Avoiding transfer tax with transfer to LLC
12 October 2019 | 4 replies

I know a lot of people write on here about transferring title to an LLC after closing. I'm curious - is everyone paying the transfer tax when they do this? It's particularly onerous in Pennsylvania, which charges a tr...

Syreeta McDonald Is there anyway to decrease transfer taxes
25 July 2023 | 3 replies

Hi. Unfortunately, 9 days before closing my lender tells me that I cannot close a conventional loan in an LLC. To transfer the house back in my name in 7k. Is there anything I can do to decrease this amount? Of course...