
Anonymous
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Investors & landlords
where does the LLC get the money to pay you for the sale? If you have a mortgage there is probably a due on sales clause. there can be substantial costs involved with transferring title and again when the LLC sells the property. 1/2 anty future appreciation would belong to the other partner. there are special rules for transactions between partners and their partnership. best advice: consult a tax pro.
‎August 5, 2020
12:19 PM
1,752 Views