All Forum Posts by: John T.

You may wish to consult with a real estate professional or property management company in the Sarasota area, as they can provide valuable insights into the local rental market and help identify potential properties that meet your investment criteria.

Congratulations, @Tenetrice Johnson.  

@Justin Turner What do you mean by "trusted Syndication/Funds"?

Are you looking for funds to invest in a Syndication?

Are you looking for the forms and paperwork used in forming a Syndication?

Exactly what are you asking?

At a real estate closing, loan fees are typically paid by the borrower as part of the closing costs. Closing costs are the various fees and expenses that are associated with the purchase or sale of a property, and they are typically paid at or before the closing of the transaction.

Loan fees are one type of closing cost that the borrower may be responsible for paying. These fees can include origination fees, points, and other fees charged by the lender for processing and underwriting the loan. The borrower may also be required to pay other closing costs, such as title fees, appraisal fees, and recording fees.

The specific closing costs that the borrower is responsible for paying will depend on the terms of the loan and the requirements of the lender. The borrower should review the closing disclosure provided by the lender, which will itemize all of the closing costs and fees that the borrower will be required to pay at closing. The borrower should also discuss the closing costs with their real estate agent or attorney to understand their responsibilities and to ensure that they have sufficient funds available to cover these costs.

In some states, taxpayers are permitted to protest their tax assessment.

A protest of a tax assessment refers to the process of challenging the amount of tax that has been assessed by a tax authority. This can be done if a taxpayer believes that the assessment is incorrect or unfair.

The specific procedures for protesting a tax assessment vary depending on the jurisdiction and the type of tax involved. In some cases, a taxpayer may be required to file a written protest with the tax authority, outlining the reasons why they believe the assessment is incorrect. The taxpayer may also be required to provide supporting documentation or evidence to support their protest.

If the protest is successful, the tax authority may adjust the assessment to reflect the correct amount of tax owed. If the protest is unsuccessful, the taxpayer may have the option to appeal the decision to a higher authority or court. It is important to carefully review the procedures and deadlines for protesting a tax assessment, as failing to follow the correct procedures may result in the protest being dismissed. If you are considering protesting a tax assessment, it is recommended that you consult with a tax professional or attorney for guidance.

Seller financing can be a useful strategy for real estate investors who want to put less money down on a property in order to generate more monthly cash flow. Here are a few things to consider when using seller financing as a strategy:

1. Negotiate terms: When using seller financing, it is important to negotiate terms that are favorable to you as the buyer. This may include a lower down payment, a longer repayment period, or a lower interest rate.
2. Understand the risks: Seller financing carries some additional risks for both the buyer and the seller. As the buyer, you may be taking on more risk if the seller is unable to make the agreed-upon payments. As the seller, you may be taking on more risk if the buyer is unable to make their payments. It is important to carefully consider these risks and to have a plan in place to manage them.
3. Consider the benefits: Seller financing can be a win-win for both the buyer and the seller. For the buyer, it can allow you to put less money down and potentially generate more cash flow. For the seller, it can help them sell their property more quickly and potentially receive a higher price than they would have received through a traditional sale.
4. Seek legal guidance: It is important to seek legal guidance when using seller financing as a strategy. A real estate attorney can help you understand your rights and responsibilities as a buyer or seller and can assist with the negotiation and drafting of the agreement.

Overall, seller financing can be a useful tool for real estate investors, but it is important to carefully consider the risks and benefits and to seek professional guidance as needed.

There are a few factors that you should consider when deciding whether to sell your property or continue to hold onto it as a rental.

1. Potential capital gains: If you sell the property for $250,000, you would net a profit of approximately $50,000 after subtracting the purchase price and any selling costs such as real estate commissions and closing costs. This is a one-time gain that you would receive upon the sale of the property.
2. Rental income: If you continue to collect $1,250 per month in rent, you would net approximately $9,000 per year in rental income, assuming that your expenses such as property taxes and insurance are covered by the rent. This is an ongoing stream of income that you would receive as long as you continue to own and rent out the property.
3. Future appreciation: It is also possible that the value of the property could increase in the future, which could lead to even greater profits if you decide to sell at a later date. On the other hand, if the value of the property were to decrease, this could potentially reduce the profits you would receive upon the sale of the property.

Ultimately, the decision of whether to sell or hold onto the property as a rental will depend on your personal financial situation and your long-term goals. It may be helpful to consult with a financial advisor or real estate professional to help you evaluate your options and make an informed decision.

There are a few factors that can influence rental rates for housing, and whether or not rental rates will fall in a particular market or for a specific property will depend on the specific circumstances. Some factors that can affect rental rates include:

1. Economic conditions: During economic downturns, demand for rental housing may decrease, which could lead to lower rental rates as landlords try to attract tenants.
2. Market conditions: If there is a surplus of available rental units in a particular market, landlords may need to lower their rental rates to compete with other properties and attract tenants.
3. Property location: Properties located in desirable areas or with desirable amenities may command higher rental rates, while properties in less desirable locations or with fewer amenities may have lower rental rates.
4. Property condition: Well-maintained properties with modern features and finishes may be able to command higher rental rates compared to properties that are in poor condition or have outdated features.
5. Competition from other housing options: If there are other housing options available in a particular market, such as single-family homes or apartments, this can affect the rental rates for housing units.

Overall, rental rates for housing may fall for a variety of reasons, but it is difficult to predict with certainty when this may occur. It is important for landlords to stay informed about market conditions and to be prepared to adjust their rental rates as needed in order to attract and retain tenants.

@Denicia Alves You may get a better response to your post, if you provide more information. For instance, in what State is the rental property located? In what State is your Limited Liability Company chartered?

I have never heard of a "Preliminary Change of Ownership" form. What is a PCOR and who is requesting a PCOR?

I believe that the way to transfer title to an LLC is to convey the property directly to the LLC by written Deed filed for record in the County Clerk or Recorder's office (i.e., the LLC is the Grantee in the Deed).

@Paul Barber NOT SO FAST ...

1. Bankruptcy Code Section 362(a) - The Automatic Stay - The automatic stay under Bankruptcy Code Sec. 362(a) is the first contact that a landlord or other creditor will have with a new bankruptcy case. This stay, which automatically comes into effect upon the filing of the case, operates to bar any eviction or other enforcement proceeding against the tenant. (Subject to exceptions:  Get advice from Bankruptcy Lawyer).

2.  Landlord may need to file in the Bankruptcy Court a "Motion for Relief from Stay" which will "lift" the stay on the eviction process and allow you to get the Tenant out.  (Get advice from Bankruptcy Lawyer).

3.  I've seen "professional Tenants" use this move several times.