Beata Domagala
Transfer of permits into new name
Got a property with 4 open permits. 3 of them are expired. I was told that I need to reopen all of them and pay the fees associated with those. 3 of those permits will cost me around $100 but the alteration permit is ...
Mary El
Transferred title to my new LLC
I just moved my SFRs out of my name and into individual LLCs. For one property I want to do a 1031 exchange. Does my LLC have to hold the property for 366 days before I can do an exchange? I've own the property for 27...
Jonathan Felts
Transferring LLC Interest Trigger Tax Reassessment?
I own 50% of an LLC that owns a property. My partners wanted out, so I got a loan to buy their interest (25% & 25%). Part of the deal was to close the LLC after doing so. I have a tax person and a lawyer but both...
Carmen Alvarado
Transferring property title to an LLC
I’m trying to transfer my personal property to my LLC (a property I rent). I was told to contact lender and transfer property title to my LLC. Which I’m planning to do because apparently banks don’t transfer mortgages...
Jake Emfinger
Quitclaim title transfers then FHA loan?
If I were to use quitclaim deeds to transfer the titles of a couple rentals I have to my LLC, could I then personally get an FHA loan? Or should I just refinance them under the LLC? If anyone has done something simila...
Michael Hooper
Entity Transfer to Avoid Tax Reassessment
I'm looking to purchase 10 townhomes in Cincinnati. The current owner paid around 275K for the property and is paying 11K/year in taxes. The numbers on the property were looking good until I was told that if I purchas...
Katelyn Atcavage Robideaux
Transferring active STR to new owner
Hi BP fam,I am working on a few deals that are currently active air bnb + VRBO’s. I understand that the listings cannot be transferred to the new owner and that an entirely new listing must be created. In the past, we...
Carolyn Morales
Method of transferring property to LLC
We bought a tax property then later formed our first LLC. What is the method and wording used to transfer the property to the LLC ? Can someone direct us to a Florida friendly template?
Jack Rozema
Transferring Personal Mortgage to an LLC
Can you purchase a home with a conventional loan as a primary residence and then transfer that loan to an LLC? I've heard from some lenders that if they find out, they can call the entire balance due which means you'd...
Michele Leonardi
How to transfer title to LLC?
Hi everyone.
I just closed on a single family home that I’m planning to flip.I have financed it using a conventional mortgage under my name, and I would like to transfer the title to my LLC, so I can manage the renov...