Vanja Dimitrijevic
Cash out refinance primary residence to buy another
8 January 2025 | 8 replies
Start by using a land trust and transfer the deed to your LLC later, once you’ve acquired a few more properties.If you’re willing to move and remodel, consider getting a 30-year loan on your next property.
Jane S.
Has anyone heard of a company called NOMAD
13 January 2025 | 8 replies
Nomad also held the renter's deposit hostage even after I cleared the transfer with no damages to be charged.I had to remind Nomad there is a difference between “can” and should” , while you “can” hold a deposit longer it “should” only be done when there is a question about damages.My bank liked the guarantee, the disorganization inside Nomad and the horrible vendor management would cause me not to use them again.
Luisa Morejon
What to do with the proceeds of the sale of my home?
28 January 2025 | 5 replies
If you want to be truly passive while living abroad you could consider a DST transfer or syndication where you transition your properties to professional management and get paid as a limited partner and not have to worry about any sort of property management takes.
Doug Kirk
Liens on a property and determining position
3 January 2025 | 8 replies
For properties in Central Ohio, you can access records through the Franklin County Recorder's Office, which provides a public records search tool to help you look up property details, including any liens.
Donald DiBuono
Creative Finance Deal Need Advice!
9 January 2025 | 4 replies
Here are a couple of ways you could structure the deal:Lease Option with Seller Financing: You could lease the property with an option to buy later, allowing you to rehab it while giving the sellers time to find a 1031 replacement property.Seller Financing with Deferred Payment: Structure the seller financing with no immediate payments, allowing you to refinance once the property is appraised, and the sellers can complete the 1031 exchange when ready.Escrow Holdback: Transfer the deed into an escrow account, giving you control without immediate transfer, so the sellers can take their time with the 1031.Third-Party Facilitation: Use a qualified intermediary to hold funds and facilitate the 1031 exchange while you refinance.These options allow flexibility for both you and the sellers.
William Stewart
Liability Insurance for room rental
30 December 2024 | 11 replies
I was insured through NREIG when it was a single rental to one family but now since I have transferred to room they dropped me.
Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
24 January 2025 | 8 replies
., fractional ownership transfers).
Brad Kanouse
IRA funds as down payment
22 January 2025 | 21 replies
You will also provide the whole amount if you plan on repaying the loan in full beforehand.
Andrew Slezak
Quitclaim to LLC?
4 January 2025 | 4 replies
I believe your loan could get called if you transfer ownership to an LLC without consent of the lender, especially a brand new LLC that does not have two years of tax returns.
Raul Velazquez
REI in Vancouver, BC
17 January 2025 | 9 replies
You will need 20% for a down payment and in BC there is also the property transfer tax to pay.