Account Closed
1031 - Transfer Title to LLC - Timing?
I’ve searched the forums but can’t find an answer. I’m hoping a season investor or CPA can chime in.I currently hold title in my own name and have a mortgage in my own name. I’d like to sell my property in a 1031 exch...
Chris Seveney
Transferring Properties out of LLC Question
Quick Question to the group:lets say you have a LLC which owns properties - call it Property LLC. Property LLC is owned by Holding LLCHolding LLC is owned by Jane Doe.If you were shutting down the LLC and wanted to ju...
Jason Wilson
Transferring Dad's property into my name.
My dad bought the house for a dollar and I was planning on buying it from him for a dollar as it is a vacant property that needs over 70k worth of renovations to make it livable. He does not have the desire to get a ...
Anthony Vaganos
DCSR vs Conventional with transfer tax
Hi all,
First time post as I get ready for my first investment. For the PA investors out there or maybe in other states with high transfer taxes (2% of property value). Curious on whether you've found the math more f...
Ray Berg
Purchase contract - include transfer of owner's deposit?
I may be about to make my first offer and purchase on a rental duplex. Should that purchase and sale agreement include that the owner is to transfer to me her holding of the existing renters' damage deposit and last m...
Joshua Ferrey
HOW DO YOU TRANSFER PROFITS FROM RENTAL?
Hello BP community! Im closing escrow on my first home purchase that I will be living in for a couple of years while I rehab it before I rent it out and move on to the next property, as I want to buy and hold. My ques...
Ketan Parekh
LLC questions on Property transfer and Insurance
Good Day Investors , So finally after my 3rd Property - I did dive into opening an LLC. I know the next thing would be to do a QuitClaim to transfer the investment properties to the LLC. Q1. When I do a Quitclaim - th...
Jim Froehlich
LLC Transfers Mortgages and Multi State Planning
Fellow BP Members,This post is looking for inputs (or links to other threads I may be missing) regarding three inter-related issues (I do have an Attorney, Mortgage Broker, and Accountant...but sometimes I gain more c...
Catherine Stevenson
ABC Capital not transferring rent (Philadelphia, PA)
I'm asking for any advice on an issue with ABC Capital in Philadelphia, PA. I am dealing with four properties with them as I have financial power of attorney for my ill father, who owns them (so this is all quite new ...
Amie McGlinch
Trying to Transfer Title from a Divorcee
Hi BiggerPockets!I am a newer land investor and I am trying to transfer a title in Apache county, AZ into my name. The woman I am buying the property from was given the land in the 70s while she was married and went b...