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10 June 2024 | 1 reply
Homes with active permits can transfer to the new owner but unlicensed properties will need to wait for a license until the currently active rentals drops by roughly 100 licenses.
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10 June 2024 | 5 replies
Would be hard for me to believe that a manager can fail to provide leases in a situation where management is being transferred to somebody else.
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9 June 2024 | 3 replies
In Gary Keller’s book, Shift, he lists 25 creative options that are most common, but barely scratch the surface:- Seller Contributions- Seller-Funded Permanent Buydown- Seller-Funded Temporary Buydown- Owner Financing- Contract For Deed- Seller Second Lease Option And Lease Purchase- Seller-Assisted Down Payment- Wraparound And Assumable Mortgage- Gift Funding- Selling And Refinancing Existing Assets- Non-Occupied Co-Borrowers- Using 401(K)- Temporary IRA Transfer- Pledged Asset Mortgage- Equity Transfer And Bridge Loan- Employer-Assisted Mortgage- Lender-Funded Buydown- Fannie Mae’s “My Community Mortgage”- Running Scenarios With Automated Underwriting Systems- Adjusting Amortization Period To Lower Payment- Adjusting Interest Rates To Cover Closing Costs- State, Province, And Local Grant Or Bond Programs- Mortgage Credit Certificate- Private LendingHe said these options barely scratch the surface.
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10 June 2024 | 10 replies
I was told this is the way.However, on a property that I bought 2 years ago, the mortgage note says that if I transfer the deed over to LLC without their permission, they may demand full payment of the loan immediately.I am now trying to get them to give me something in writing that it is okay to transfer the deed to LLC.As for insurance, my broker says the LLC cant be the policy holder, otherwise, lender will foreclose on me.
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10 June 2024 | 15 replies
You could potentially transfer the home and debt into a trust/LLC, and have your mother "rent" it from the company.
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12 June 2024 | 24 replies
I was wintering in the FL Keys at the time (we found out that you could transfer your kids into schools in the Keys in Dec. and take them out again in Easter quite easily) and I had mentioned to 2 different realtors about my self-storage interest.
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10 June 2024 | 12 replies
After being transferred and hung up on, I gave up.
9 June 2024 | 7 replies
Agree, however that doesn't really help answer the question of the money gets transferred?
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10 June 2024 | 11 replies
If the builder never transferred title, they might try to argue that its comparable to selling a model home within a new construction developement (new home, but has had thousands of folks walking in and out for months...sometimes years).I would be confused as to why someone would offer it as new construction when it had been lived in unless their aim is to avoid capital gains, but you say lived in a few months and not two years so that does not track.
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12 June 2024 | 57 replies
@Andrew GlavinicThere are no mapping programs to transfer data.