All Forum Posts by: Alice K.

This post should have a lot more upvotes as it is the #1 thing that enables most of us to do business!

Thank you for sharing these insight Chris.  

Observations on SF: Homes that have traditionally been swooped up in a few days have been on market for 15+ days now.. 
Others I've seen in upper Peninsula are being listed higher, looks like sellers aren't risking not getting that bidding war like they used to. 

Totally agree with seasonality in certain areas Steve!
It's like "AHHH," you finally have a great place, but also it's SO COLD I barely want to leave myself, let alone move furniture, etc.

Some ideas:
- Lower the rent
- Take sexy photos / stage it with pretty furniture (it's sometimes really hard to imagine living with someone but if you take Airbnb-like photos it is a lot easier to imagine)
- Post to more social media sites (eg: Facebook marketplace / groups in your city)
- Post flyers in local businesses 

Hope something in there helps!!

Thanks for the post @Brenda Chen! 
Can't wait to see you all there!
<3

Hello!
Looking to do a refi, and wondering who you all like for WA.

Tried Quicken but was appalled at their sales (or lack of) skills and thought "if this is how bad it is for the part 1, it could be even worse later on!" (They immediately were asking to run my credit with zero explanation of why I should even think about going with them.)

Thanks much!
~Alice

Super cool @Brandon Michielli!! 
I have been trying to find a good lender with a good loan APY. 
How did you like that bank? 
 
Super excited for you and your family! <3

Hello Tony, 

I'm not an attorney so can't answer specific legal advice but I can say what I've done myself and some of our users at EasyTrustMaker have done this--

Living Trusts & Due On Sale Clause

If this is a primary residence, the "Garn-St. Germain Act" protects homeowners from the "due on sale" clause. 

As far as "due on sale" clause for non-primary properties, you can speak with the lender if you'd like but I have't heard of it being an issue.

BE SURE TO ALERT HOME INSURANCE OF THE NEW "OWNER" (your living trust which you control / manage). 

I have yet to hear of a bank actually enforcing this as long as you pay the mortgage on time. 
Although, technically they could. There are many ways the bank can try to due on sale a property, but if you are paying the mortgage, in our current economic state, they probably wouldn't want to (eg: It costs $$$ to acquire new loans, by calling yours due they then need to reinvest the money elsewhere).

LLC
I can't recommend a course of action for your LLC <> Living Trust, but I have heard of people making the Living Trust a beneficiary (eg: if/when something happens to you, the living trust takes over, so then the named beneficiaries in the living trust and terms are referenced). There are many other methods to go about this... Eg: The living trust is a member in the LLC and both spouses have a "joint revocable living trust", etc...

You'll want to explore tax implications if you're moving property to an LLC. 

*Note: I am not an attorney, financial specialist, tax advisor or law office. This is informational only and not a recommendation on what to do for your personal situation.

Awesome! J is such a pro with Airbnb. 
All these years and I never got to hear the felon story-- 

It's been too long @Ryder Meehan! We must catch up soon! 

Can't wait!! So pumped for the reunion with some of my favorite people! It's going to be a blast-- If anyone here is reading this, don't think twice-- Just get the ticket! It's one of my favorite annual real estate events ever!!

@Jay Helms - Just joined as well. Love how niche it is :))