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Updated almost 7 years ago on .
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eHarmony Meets Quitclaim Deeds
I listened to The Investing in Real Estate podcast today with Clayton Morris from Morris Invest. There were a couple of things on today's podcast that I found pretty interesting - hence the title of my post:
1.) Affiliate Programs/Sponsorships: Most podcasts seem to have sponsorships to cover cost and promote different things. Usually they're related to real estate or the subject matter of the podcast. Today's podcast had a spot on there promoting eHarmony, which I got a kick out of. I'm starting to wonder how much affiliate commissions/earnings a podcast typically makes with these. It seems like his podcast is always promoting something new. I'm assuming this is an additional income stream for them.
2.) Quitclaim Deeds / Due-On-Sale Clause: This is a topic that's been beaten to death on BP and I'm not necessarily trying to re-hash that discussion but I am trying to gain some clarity on a point that was made on this podcast. According to what I heard on the show today, if you buy a property in your personal name and get a warranty deed and later quitclaim it to an entity like an LLC, this is not a sale and can't trigger the due-on-sale clause on the mortgage. Garrett Sutton was not on the podcast today, but Clayton did mention that this is something he mentions. I realize that the Morris family is still learning (aren't we all?) and so they may not fully understand some of the information they're discussing, but when he mentioned Garrett Sutton and implied this is something he believes, it made me wonder whether or not I missed something and if this is something new. Anyone know? Or is this the old "define sale" argument about transfers vs. sales?