Nicholas Lilly
Demystifying Texas Warranty Deeds: Warranty Deed and Special Warranty Deed
10 June 2024 | 0 replies
Your proof is a warranty deed.A warranty deed is a written legal document that transfers legal and equitable title of real property from one person or entity to another.
Hayes Barnett
Wife Co-signing with a new Property investing LLC
10 June 2024 | 5 replies
I am worried that purchasing the property and then transferring it to the LLC will trigger a due on sale clause that could cause issues after purchasing the property.
Andrew Grimmett
Grandfathers Property I want to Rent
10 June 2024 | 5 replies
Short of that, he transferred the property in violation of the promissory not so, the lender could accelerate the loan and declare the full balance due and payable.If your grandfather and notary didn't sign the quitclaim, you don't have one so, umm...have them sign it and record it.
AJ Wong
AirBnB Vacation Rentals For Sale on the Oregon Coast: Tips to simplify your search
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.
Gerilyn Bristow
Royal Legal Solutions Texas
12 June 2024 | 47 replies
When we reached out we were told that the deeds had not been transferred and we owed them some notarized documents.
Matthew Mueller
Pennsylvania Property Management Law - managers required to provide leases to owners?
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.
Mike Schorah
What’s the most creative strategy you’ve seen to buy a house?
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.
Tony H.
Confused with LLC setup
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.
Becky Fromm
Acquiring Equity Loan from Property Value without Income?
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.
Wade Wisner
RE Investor with 52 years experience.
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.