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...
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...
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...
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?
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 ...
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...
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 ...
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...
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...
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...