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All Forum Posts by: Andrew Steinhaus

Andrew Steinhaus has started 2 posts and replied 14 times.

Post: Q's Transferring a property into a Land Trust, to be held by LLC

Andrew SteinhausPosted
  • New to Real Estate
  • Lake Orion, MI
  • Posts 20
  • Votes 9

Chris, 

Copy all. I will definitely ask that question. Do you know if this is still the case even if having transferred the property into trust first, then to LLC? Or does it not matter because the mortgage is still in my name? Either way, I appreciate your feedback!

Drew

Post: Q's Transferring a property into a Land Trust, to be held by LLC

Andrew SteinhausPosted
  • New to Real Estate
  • Lake Orion, MI
  • Posts 20
  • Votes 9

@Chris Seveney From what I understand, the privacy it can provide, avoiding the due on sale, and as I grow my portfolio I'd like the properties to be separate from my personal assets and other potential businesses by placing it in an LLC. It may be a bit early to go this route but I figured it doesn't hurt to start and organize my affairs.

Part of asking the question was to get more specific and targeted responses where google might not fill those gaps for me. If you have any thoughts I'd welcome it! 

@Olia Fogel @John Underwood Thank you both for the replies, this is the type of info I'm looking for! 

All the best, 

Drew

Post: Q's Transferring a property into a Land Trust, to be held by LLC

Andrew SteinhausPosted
  • New to Real Estate
  • Lake Orion, MI
  • Posts 20
  • Votes 9

Hello all, 

First timer here. If post is on wrong forum, please direct to correct one! 

I have a SFR on Oahu that I would like to place under my LLC. The property is under VA loan and I do not want to trigger the due on sale clause by changing title holder. I was told that I can place the property in a land trust that would ultimately be held by my LLC. If someone could shed a little light on having done this or how to go about it, please share. Any resources or info is greatly appreciated. Thanks!

Drew

Post: Looking for CPA that can do Cost Segregation on Oahu for my STR

Andrew SteinhausPosted
  • New to Real Estate
  • Lake Orion, MI
  • Posts 20
  • Votes 9

Hi Micah, 

Also looking into cost-seg on Oahu but for LTR. If you don't mind, please let me know if you were able to get the info you were looking for from Julio or if there was a recommended firm on island. Please and thanks! 

Drew