Mark Miles
Avoiding transfer tax with transfer to LLC
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
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...
Patrick H.
Quit Claim Deed Transfer Tax and Basis
The property is located in California.
I am filling out a quit claim deed for property that my brother and I have in joint tenancy. He will quit claim deed his portion to me.
1)
For the transfer tax calculation,...
Josh D.
"Subject To" Investing - Transfer Tax on Deed
Does anyone know if you have to pay documentary stamps on properties that you take "subject to" existing liens?
My attorney is advising me that I must pay doc stamps on the amount owed on the existing mortgages if a ...
Karen Johnson
Transfer Tax in Family Transaction (Philadelphia, PA)
Hello,I'm hoping someone can clarify this for me as I've gotten conflicting information. Scenario: Husband and Wife purchasing home that is owned by Husband's Grandmother, Mother and Uncle jointly (each have 1/3 inter...
Jeff S.
Transfer Tax in New Hampshire - Which Form?
Was wondering if anyone knew which Transfer Tax form I needed to complete in New Hampshire. I own a house and am moving it into an LLC, which I own. The forms are listed as one for the buyer and one for the selle...
Tom C
Working with Section 8
Guess I will throw this out here.. Just looking for opinions. Purely hypothetical situation, but could possible help some people out. Being a former cop, I always look for loop holes in policy, procedures and the law ...
J Scott
Diary of a Rental Property
I had a blast writing my Diary of a New Construction Project thread, and the feedback I got from that was great. So, I've decided to try another one...this time tracking and discussing the ongoing saga of a renta...
Tim Chiodo
LLC and quick claim deed / transfer tax issues?
I am looking at a few multi-family properties (4-6 units) in and around Dayton. I typically like to purchase/place my properties into an LLC, but I realize this means commercial mortgages (higher rates, higher down p...
Markeilsha R.
Deeds and transfer taxes in a sub2 deal
I have two questions about doing a sub2 deal.
When writing the contract and the seller is just selling for the price of the existing mortgage an delinquent taxes, how does that get reflected in the contract for the t...