Would you like to learn more about this topic and talk to someone? Schedule a free consultation here: https://aba.link/clintss
Are you thinking about transferring your real estate into an LLC? 🏠💼
Here are two crucial things to consider first:
Mortgage Concerns: Do you have a mortgage on the property? If it’s not owned by Freddie Mac or Fannie Mae, your lender might accelerate your loan if they discover the transfer. Be sure to check your loan terms carefully.
Taxes and Fees: Transferring the property could trigger a transfer tax, transfer fee, or even a reassessment to a higher tax value, all of which can be costly. Make sure these don’t apply to your situation before proceeding.
Avoid unexpected expenses by understanding these factors and planning accordingly.
#RealEstate #LLC #InvestmentTips #PropertyManagement
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Here’s a little about me and my book Asset Protection for Real Estate Investors
https://aba.link/clintbio
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CONTACT US
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Fax: 702.664.0545
ABOUT CLINT COONS
Clint Coons, Esq. has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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