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I am considering transferring funds between one profitable S Corp into an LLC for the purpose of purchasing a property. Is it better to transfer the money to my personal account as a share holder distribution and the...
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With 16 pages on this, lots of unnecessary stuff. But line 144 what is the difference between "Due on Transfer-Strict" and "Due on Transfer-Creditworthy"? And as an investor which one is better for me?
Also line 57...
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Hi All,I am looking for deal structure suggestions on a unique situation that involves a home held in trust.I have a seller who owns and rents out an SFR that has an FMV of $~2M. He and his wife hold it in a revocabl...
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We are going to be purchasing a new property using a 1031 exchange in the state of Kentucky. We will be acquiring it as individuals and would like to hold the property in an LLC for liability protection. Can we imm...
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Picture this: After weeks of negotiations and planning, all parties involved finally reach an agreement on the terms and conditions of the sale. With excitement in the air, they gather around the table to sign the fin...
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I am in due diligence period on my first investment property. My question is: should I send all my funds into my business checking account to use it as the down payment and closing costs account? Or just leave it in...
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Hi all,
I know this probably varies from state to state, but what is the process like for deeding a property out of a land trust? Can it be done quickly? Is it expensive? What kind of costs/fees can I expect ...
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Hi all, have another oneI was in the process of registering an LLC for my investment properties; I don't have cash, and financing I have heard for an LLC will be much more difficult than if I were to put the property ...
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Hello,I am putting together a deal and looking for a title company in Chicago. One got back to me with their pricing and I'd love some advice about whether it is a fair price or not. It is more than I thought, at th...
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If your tenant's lease is up, and they want to transfer to another of your property. Do you charge a fee? I know the costs involved in apartment vacancy and preparation for move-ins. But is it fair to charge a transfe...