I have some lots that I would like to transfer into an already formed LLC.How best can I do without spending too much money?Which is the best deed to use in my situation.Thanks
Single family rental is all settled in with a tenant with a 2 year lease, and a property manager. Had to close the loan in my personal name as I couldn’t find a lender that would loan directly to my LLC. No biggie, it...
Hi BP,I’m selling a property in MO that was purchased in my personal name and transferred to an LLC. There is a mortgage on the property in my personal name. Do I need to transfer title back to my personal name prior ...
I purchased a rental back in September in my personal name. I’d like to move ownership into a new LLC. I spoke to the title company and she said I’d have to pay the full 2% transfer tax and there’s no way around that....
Hi All,I've been going back and forth with negotiations for a lease option and I was wondering if anyone can shed light on who customarily pays for transfer taxes when a home is being sold (through lease option if tha...
We have almost $30k of built up passive losses from depreciation, repairs and improvements. Due to our income being over the AGI cutoff we are only able to apply these losses to the cash flow of the apartments we o...
Does anyone know whether or not there are tax implications if a family member quit claims a piece of land into my name. I would not be paying anything for the property they would be giving it to me for nothing. They...
Hello I'm overseas currently but I brought an investment property in Missouri. What steps do I need to do if I wanted to transfer my title to a LLC from a personal name?
Hi all,Looking to invest in my first investment property, I have a property I am selling in ME. and wanting to invest in Conway NH area where I now live. My property in ME has a pending offer in which we accepted just...
Hey all, first let me tell you a bit about my self. I have never owned real estate but I did grow up in a multifamily property which allowed my mom to provide for me and my siblings. I would like to venture into the...