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  • Author
    Posts
  • April 14, 2009 at 9:20 AM #15487
    truongphu
    Participant

    Can anyone please point me to some info regarding selling your house to your newly formed llc ? Thanks.

    April 14, 2009 at 1:13 PM #380793
    4plexowner
    Participant

    You can transfer your house to an LLC that you and your family control 100% – this is not a sale but a transfer

    If you are talking about the LLC obtaining a mortgage in order to buy the house I don’t know how you would go about doing that – the LLC would have to have a documented income stream

    April 14, 2009 at 1:13 PM #381066
    4plexowner
    Participant

    You can transfer your house to an LLC that you and your family control 100% – this is not a sale but a transfer

    If you are talking about the LLC obtaining a mortgage in order to buy the house I don’t know how you would go about doing that – the LLC would have to have a documented income stream

    April 14, 2009 at 1:13 PM #381430
    4plexowner
    Participant

    You can transfer your house to an LLC that you and your family control 100% – this is not a sale but a transfer

    If you are talking about the LLC obtaining a mortgage in order to buy the house I don’t know how you would go about doing that – the LLC would have to have a documented income stream

    April 14, 2009 at 1:13 PM #381303
    4plexowner
    Participant

    You can transfer your house to an LLC that you and your family control 100% – this is not a sale but a transfer

    If you are talking about the LLC obtaining a mortgage in order to buy the house I don’t know how you would go about doing that – the LLC would have to have a documented income stream

    April 14, 2009 at 1:13 PM #381254
    4plexowner
    Participant

    You can transfer your house to an LLC that you and your family control 100% – this is not a sale but a transfer

    If you are talking about the LLC obtaining a mortgage in order to buy the house I don’t know how you would go about doing that – the LLC would have to have a documented income stream

    April 14, 2009 at 1:22 PM #381308
    DataAgent
    Participant

    If you sell (transfer) your home to your llc (or any legal entity), your lender may demand immediate payment of your mortgage:
    http://www.notecircle.net/content/due-on-sale-clause.htm

    April 14, 2009 at 1:22 PM #381435
    DataAgent
    Participant

    If you sell (transfer) your home to your llc (or any legal entity), your lender may demand immediate payment of your mortgage:
    http://www.notecircle.net/content/due-on-sale-clause.htm

    April 14, 2009 at 1:22 PM #381259
    DataAgent
    Participant

    If you sell (transfer) your home to your llc (or any legal entity), your lender may demand immediate payment of your mortgage:
    http://www.notecircle.net/content/due-on-sale-clause.htm

    April 14, 2009 at 1:22 PM #381071
    DataAgent
    Participant

    If you sell (transfer) your home to your llc (or any legal entity), your lender may demand immediate payment of your mortgage:
    http://www.notecircle.net/content/due-on-sale-clause.htm

    April 14, 2009 at 1:22 PM #380798
    DataAgent
    Participant

    If you sell (transfer) your home to your llc (or any legal entity), your lender may demand immediate payment of your mortgage:
    http://www.notecircle.net/content/due-on-sale-clause.htm

    April 15, 2009 at 9:09 AM #381237
    Noob
    Participant

    I own property outright, but want to transfer it to my family trust. I’m single and don’t have any dependants, but I want to avoid probate and use any assets I have after I die to fund family education grants.

    What is the process for setting up a trust and transfering an asset into it. Is this something I can do myself without a lot of expense?

    How do I get the name on the deed changed to the trust name?

    April 15, 2009 at 9:09 AM #381507
    Noob
    Participant

    I own property outright, but want to transfer it to my family trust. I’m single and don’t have any dependants, but I want to avoid probate and use any assets I have after I die to fund family education grants.

    What is the process for setting up a trust and transfering an asset into it. Is this something I can do myself without a lot of expense?

    How do I get the name on the deed changed to the trust name?

    April 15, 2009 at 9:09 AM #381697
    Noob
    Participant

    I own property outright, but want to transfer it to my family trust. I’m single and don’t have any dependants, but I want to avoid probate and use any assets I have after I die to fund family education grants.

    What is the process for setting up a trust and transfering an asset into it. Is this something I can do myself without a lot of expense?

    How do I get the name on the deed changed to the trust name?

    April 15, 2009 at 9:09 AM #381873
    Noob
    Participant

    I own property outright, but want to transfer it to my family trust. I’m single and don’t have any dependants, but I want to avoid probate and use any assets I have after I die to fund family education grants.

    What is the process for setting up a trust and transfering an asset into it. Is this something I can do myself without a lot of expense?

    How do I get the name on the deed changed to the trust name?

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