Salvatore Trapani
Transferring Members of an LLC - Tax Consquences
I'm currently managing a commercial (15-unit residential) building in the Bronx, NY that is held under an LLC by a 100% sole-member.The member is looking to fully transfer the corp. stake to a family member, making th...
Walter Diaz
Quit Claim deed vs Purchase
My mother and uncle acquired a property from my grandmother via a quit claim deed. Now my mom wants to give the house to me to take over. My uncle wants his half of the equity in the house as a payout and my mom wants...
Waldy Corniel
Rental property , Tax benefits & more
Protecting Your AssetsIf you are sued because someone is injured on your rental property, including a guest of the tenant, then your personal assets are not necessarily protected as an individual landlord. Regardless ...
Fletcher Clardy
BLOCKCHAIN AND REAL ESTATE???
BLOCKCHAIN 101: Blockchain is a centralized public ledger that keeps a record of all transactions in chronological order. Data inside the Blockchain is protected by a cryptographic hash function making it immutable.
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Ty Primers
Wholesaling Bank Owned Properties
How does the process work when wholesaling a REO property? I understand I need to reach out to an agent and provide a proof of funds letter and EMD and I’ll need to double close on it but what else is involved and How...
Laurence K.
Buying a property with delinquent taxes in Ohio
The following scenario is hypothetical.Let's say a property was for sale for 50k and there was 5k owing in property taxes.Can I just give the seller 45k at closing and make a payment plan with the county for the back ...
George Gao
Transfer to LLC Need Loan Modification?
Hi All, I plan to transfer my rental properties into my series LLC. So I called the loan reps at the mortgage companies just as a courtesy heads-up. Most of them are fine with it. But my local bank said they would ...
Angela W.
How to Set up Transfer of Property Before You Die
I contemplated on posting this article but decided to do it, since it's valuable information. These are some things a lot of us don't want to think about but should consider because you never know...Here's the article...
Phil Contreras
Transferring Personal Property to LLC
Good day,We have a property in Connecticut that is fully paid off. We are currently renting it under our personal name but would like to know how we can transfer the property into a LLC.The main question though is, if...
Victoria Rossi
Quit Claim Deed Taxes
I need to transfer a property from my sister to my LLC. However, I am concerned about the tax implications. We were thinking of doing a quit claim deed for $100. Any insight into the tax consequences of this transfer?