I would like to preface this by saying the answers I receive to my question have no impact on whether or not I rent to this individual. I just want to know what to expect. I have 3 qualified people I'm showing my 1 b...
Hello everyone,I have a C-corp in the state of Ohio, at the advice of a real estate 'guru' At the moment, I am JVing on a long-term property in Pittsburgh. Is it worthwhile to hold the property in my C-corp? At the mo...
Hello BiggerPockets!I stumbled upon the Morris Invest Case Study by @Ian E. and am now inspired to document my current investment with the company. This is kind of a long post, but I hope you stay with me. Clayton Mor...
Hi,
An individual came to me recently looking to borrow $500 and he has a free and clear mobile home. I told him I would let him borrow the money if I could put a lien on his mobile home.
Anyone know exactly how to ...
Transferring FROM my LLC to my personal name in order to do a HELOC, what are the pros/cons. I plan on transferring it back into my LLC in about a year or so until we start building.
Hello , Good morning. I am listing my residential investment property in a day or two for sale and want to do 1031 Exchange. I have one technical question about this transition.In relinquished property, my wife and I ...
My morning looks like this: 6am wake up. 2 glasses of water. Make bed. Journal. Read. 10 min Meditate. Gratitude practice. Stretch. Tea. Small Breakfast. Vitamins. Read my intentions. 10 full deep breathes. - This tak...
Hi,
I recently transferred the title of a California property from a C-Corp of which I own 100% of the shares to my and my wife's individual names.
I was advised that the transfer would not trigger a property tax re...
Hi all,
I've got a handful of properties (9 doors total) in my personal name. I recently created an LLC and am wondering the following:
- Is there any way to avoid the transfer tax (1% seller + 1% buyer = 2% total)...
How does one transfer the title of a property from their individual name into an LLC. Also, does remove the liability from their name individually, so they can lower their DTI? Thank you for your tips in advance.