Eddie Ziv
Transferring lease contract to LLC
Here is a question for all of you legal eagles out there. I'm in the process of transferring my properties to a newly formed LLC. All my lease contracts that were done by the management company representing me, were s...
Cheyenne Davis
Transferring house out of IRA
We're considering taking a house out of a SEP IRA and giving it to a family member. I have a question if anyone could be kind enough to answer?Do we have to pull it out and sell or gift at the current market value, t...
Dennis Dougherty
Property TRansfer while in escrow
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...
Terry Sargent
Seller‘s Deed Not Properly Transferred
Hello,
I have a lead on an Indiana property that is well-under market value. However, I’ve run into an issue regarding the deed. To add context, here is the situation:
The seller was gifted the property in question,...
Ashok Aletty
Transferring property to a LLC
Hello,I bought a condo last year and financed it under my name. I had read that it made sense to have the rental property in a LLC to minimize liability. What's the best way to accomplish this now and what are the imp...
Account Closed
Lease transfer with home sale
Does anyone know the best method to securely transfer a lease and security deposit during a home sale? I have a friend whose property in northern Virginia currently has a 2 year lease on it, which most home buyers wil...
Chukwudi Motanya
Title Transfer into LLC Question
Hello BiggerPockets,Hope all is well. I have a quick question on Title Transfer. Currently I have 3 properties, but they are under my name. I created an LLC and I want to transfer the properties over. I understand the...
Daniel Murphy
depreciation recapture / property transfer / divorce
Hey all, we recently did a cost seg & bonus deprecation on our STR for about $180k worth of deprecation. Well... it turns out married life may not be married life by the end of 2023. Can anyone point me to resour...
Mitchell Billman
ReSimpli questions. Data transfer etc
I have tried to find this info online with no success. Even went ahead and tried to call the contact number on their site and got a voice mail. We are currently using podio and wanted to possibly transfer our data ov...
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...