Many- many - many home owners will sell for sale by owner and will avoid paying a 5% commission (on $500k that is $25k ) and miss out on $50k or more, plus they will not build a relationship with a realtor that could bring them a deal to buy there after and make $100k to $200k in the new purchase.

This lowers the chance of triggering the “due-on-sale” clause.Consider a Land Trust to transfer ownership without alarming the lender.Once transferred, use the LLC’s account for all rental income and expenses to keep it separate.This post does not create a CPA-Client relationship.

*This post does not create a CPA-client relationship.

I had downloaded all of the ledgers from the online portal .4 days after the relationship ended we started the process of auditing each property.

There is a relationship team sourcing deals, then due diligence teams to perform DD, and ultimately investment committee meetings and sign off.  

Do you focus on building relationships with a few reliable lenders, or do you keep your list broad?

This will help you become more confident and attractive as a potential partner.Remember, building relationships and trust takes time, so be patient and persistent.If you have any more specific questions or need further guidance, feel free to ask.

The relationship is more important than any one transaction. 

My partner was on the acquisitions side of things, so he is extremely knowledgable in novations and creative ways to get the property under contract and I still have an extensive list of buyers, I have built very good relationships with from when I was doing dispositions.I am open to any thoughts on the best way to start and I am open to networking with any one to hear how you got started and what you would do differently now that you have more experience under your belt!

I believe they likely will talk, they share a back deck and am concerned the different rates may negatively impact the relationship if that scenario played out.