Is there any tax to transfer an LLC from one person to another? The LLC is formed in NY and it has a commercial real estate property.
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Can anyone break down the Unlimited Marital Deduction for me?Spouses are both living, and still married. Spouses file taxes jointly. Both spouses are US citizens.If Spouse A gives a CASH gift to Spouse B, is it a ta...
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BP Nation:
Am in need of a quick read on this unusual situation with a distressed investor/seller unloading several properties. We are trying to buy just one. My agent is asking her broker as well as a settl...
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Hypothetically I've been approved for a $70,000 loan being 70% of the purchase price of a duplex with an arv of $120,000 . once I'm into this property and I complete the required 5,000 in rehab, I'm heading to the ban...
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Hi, Was wondering if anyone has experience doing a subto deal inside of an HOA. Do I need to make the HOA aware of the deed being transferred? What fees should I expect?Thanks, Kyser
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Hello BP people,
I’m juststarting out, Found a house for rehab (Carson Ca). In short, made an offer based on comps yet to be seen physically. I did hand over the EMD with the understanding that I’m going to view the ...
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I'm in the process of leasing one of my units for the first time. How do you go about verifying the new and old tenatns have registeered and paid the utilities? I'm assuming all this is verigied before handing over ...
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how do I search forum posts? Im looking for post on subject to.... as I saw a guy that had a loan called and wanted to see the outcome. Thanx for the help
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We are selling our SFR rentals and the tenants have all been aware. We are communicating with them of course. Is there particular/formal documentation we need to provide regarding the transfer of security deposits, ...
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Just curious are there any laws or regulations on how long you must own a property when it comes flipping? I am in indiana.