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Dear all, hi!Newbie here, just starting out.I am purchasing townhouse for rental purposed, title owned in my name and obtaining mortgage in my name. Planning to transfer the title after closing to LLC owned by me for ...
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Hi BP. I have rental property that is owned in a LLC and I'm going to transfer it into my name so I can refi. The rental income goes into my LLC bank account. My question is when the bank looks at granting me the l...
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Hey all. I'm making plans for my first purchase of a plex for cash and was hoping I could get some advice. It's going to be a buy and hold rental. I would like to place the property into an LLC. I plan to do this for ...
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I have only one LLC created so far. That LLC has both flips and buy & hold properties. I recently learned that I should have separate LLCs for flips and hold properties. Currently I have a property just finished r...
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I have only one LLC created so far. That LLC has both flips and buy & hold properties. I recently learned that I should have separate LLCs for flips and hold properties. Currently I have a property just finished r...
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I'm considering setting up a revocable living trust here in Philly. As part of that, I'll need to quitclaim deed my properties into the trust. I understand there's a $250 recording fee that goes along with that.PA s...
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For example, one person has the highest bid and is awarded the property in an auction. Can this person transfer the tax deed they won to another person?
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Hi, if me and my partner bought a house to flip without forming an S Corp first and just put it under our names, what would be our problem? And is it possible to buy the property that we are planning to flip under our...
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Hello All - I'm a new member so I have lots of questions. Curious about pros/cons of obtaining mortgage through an S-Corp/LLC or obtaining as an individual and then transferring to the LLC/S-Corp.
1. In general, what...
Please help. We're completely new to REI & not sure what to expect. When should we expect our PM to transfer our first month of rent? Is it normal that the process takes longer in the first month? Follow-up with P...