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There is a title company, real estate company, lender all involved. None of them appear to be handling any conveyance needs....which is historically a realtor function.
I am asking what 'items' are needed to address these concerns? Is it a matter of chasing down final amounts (ie.mortgage...
Delaware County PA: Conveyance Process
We are selling an investment property in Delaware County PA. What paperwork is needed by the seller to sell the property? What 'type' of paperwork is needed? How is this obtained? Is this something anyone can do, or complicated enough to hire someone...
Hello everyone,
Somewhat of a simple question. I am on the PA state website setting up an LLC.
1) Where do I list another LLC as the parent? Is that just on the Operating Agreement?
2) Docketing Statement - Person responsible for tax reports..presume that is me since I do taxes. Is this...
@Taxing Matters
Schedule K: Would the LLC file taxes at a different point during the year? When would the owners receive the Schedule K?
Parent LLC:
Bank requires independent LLC for lending purposes. We have an LLC we could use as the parent LLC.
Parent LLC owned by both husband/wife.
-...
*looking*
The topics overlapped, I thought that thread finished, and thought input from different subject groups would too valuable. I see your point. This thread seems more direct now (my fault) and I will add a link to this thread from the other.
Is there value in husband/wife maintaining...
Hello everyone,
We are purchasing two investment properties in the state of PA, with intent of purchasing them each with their own LLC. The question is around taxes.
We have other investment properties from years past, just in my name. Income/Expenses were reported on personal income through me...
1031 immaterial to the question (sorry I added that layer of complication).
Either way we are looking to switch from our personal names to LLC...
1) Property 1 was signed in both our names, looking to use one LLC in my name.
2) Property 2 was signed in both our names, looking to use one LLC in...
Hello everyone,
Wife and I signed an AOS for new construction investment property last year. We are selling an investment property and wanting to do a 1031 exchange (or reverse 1031 depending on timing.) The investment property is in my name, had it long before meeting the wife. 1031 requires...
Schedule E: Correct. Wrong terminology, my apologies. Schedule E, though files under personal taxes nothing specific for the LLC.
Bank lending requirement for individual LLCs, at least for the purchases themselves.
We already have a few LLCs we can use... got two for a different plan that did...
Hello everyone,
Selling an investment property and had a question about U&O.
3 years ago, annual U&O inspection required the front cement steps to be repaired. Permit was pulled, township inspected work before/during/after and signed off on the finished steps. The following year, during the...
Hello everyone,
I have been a landlord for a number of years and looking to shift the portfolio into a more LLC setup. I am closing on an investment property in a few months and have the opportunity to purchase in an LLC.
If the LLC is just in my name, income/expenses remain as pass-through...
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