All Forum Posts by: Brian Murphy
Brian Murphy has started 2 posts and replied 2 times.
Post: Rolling property into your LLC
- Denver, CO
- Posts 2
- Votes 1
Question:
Within 3 weeks of purchasing my new condo I rolled the title into my LLC. However, I was unaware that I was going to get a tax bill. I'm assuming I received the bill because my LLC "bought" the condo. Is there a way around this? I have another place that was my primary residence and is now a rental. I want to deed the title to my LLC but I am trying not to get a giant tax bill for the "sale" (even though my LLC will not technically buy it)
Thanks, I appreciate everyone's feedback :)
Post: Buy two properties with PMI?
- Denver, CO
- Posts 2
- Votes 1
Hello everyone! I have a question...
I am selling one of my properties and want to reinvest. Should I put 20% down on one place or should I put 10% down or 2 places? I am definitely leaning on buying two places. One will be my new primary residence (since i just moved to a new state) and the other will be a second home which I can Airbnb when i'm not there. I know paying PMI is not ideal, but it might be worth getting two places now and having them both appreciate over time. Any thoughts?