All Forum Posts by: Drew Kessler

@Alex Bekeza 

Interesting.  Since my post I have acquired a dozen more properties and have them all financed through commercial loans.  So does your firm offer these loan products?

What if the property you sell is in a separate entity, can you then use those funds to acquire a property in a different llc you own?  Or is it still viewed as you owning both properties and not the llc’s owning them?

Hey Bill! I’d like to be involved in this as well.  Sorry I missed this recent one. 

NM found it.  

Am I missing something or is the Loan Amount input field missing from the calculator??

I have heard there is a way using a land trust but don't know the details. 

 So how do they switch it over without the bank enforcing the "due on sale" clause? 

In the podcasts I listened to they said 30 year fixed was the norm for single family or units up to 4. Are they just talking about if you were to get the loan in your name? There must be another way. 

I have a couple mortgages under an LLC that are commercial loans. They are adjustable rates and balloon after 10 years. This isn't an ideal situation for me even at the deal I acquired the properties for. I have heard some horror stories of there being no money available to refinance at the end of the term. So my question, is there a way to get a 30 year fixed mortgage under the protection of an LLC?

Could you purchase the property in your name and transfer into the LLC? I know that this can trigger the "due on sale" clause with the lender but I've heard there are ways around this using a land trust?

Thanks for your insight 

Does anyone know of a website that shows houses that are currently rented out and what they rented for?

I'm pretty sure I have a seen a site with this info.