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11 June 2016 | 16 replies
@Kathleen Wilcox be really cautious about offering a 5 year lease with option, Due on Sale Clause IssuesHere are the exemptionsd) Exemption of specified transfers or dispositions With respect to a real property loan secured by a lien on residential real property containing less than five dwelling units, including a lien on the stock allocated to a dwelling unit in a cooperative housing corporation, or on a residential manufactured home, a lender may not exercise its option pursuant to a due-on-sale clause upon—(1) the creation of a lien or other encumbrance subordinate to the lender’s security instrument which does not relate to a transfer of rights of occupancy in the property;(2) the creation of a purchase money security interest for household appliances;(3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety;(4) the granting of a leasehold interest of three years or less not containing an option to purchase;(5) a transfer to a relative resulting from the death of a borrower;(6) a transfer where the spouse or children of the borrower become an owner of the property;(7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property;(8) a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or(9) any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.
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16 August 2015 | 3 replies
You can always inquire with an corporation creation service like incorporate.com and the many others and get answers from the experts.
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22 December 2014 | 126 replies
Well, all I'll say is that Dallas leads the nation in new job creation and job growth.
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29 July 2019 | 6 replies
., or are you looking for someone that handles transactions, document creation, etc.?
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10 January 2015 | 25 replies
Eventually you want to pay someone to do this without paying them to drive all over creation.
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27 May 2016 | 75 replies
Thus, it depends on whether you're hungry for CF immediately, or whether you don't need the cash now, but want long-term value creation in the asset through NOI increases ("forced appreciation").
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24 January 2015 | 1 reply
Specifically, I'm looking for somebody with experience in entity setup/creation (I have a slightly complicated financing situation that will need to be managed to fund my REI business).
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23 April 2012 | 5 replies
Here is an excerpt from @Clint Coons regarding the due-on-sale clausehttp://www.alglaw.com/service/view/land_trustsWith respect to a real property loan secured by a lien on residential real property containing less than five dwelling units, including a lien on the stock allocated to a dwelling unit in a cooperative housing corporation, or on a residential manufactured home, a lender may NOT exercise its option pursuant to a due-on-sale clause upon:(1) the creation of a lien or other encumbrance subordinate to the lender's security instrument which does not relate to a transfer of rights of occupancy in the property;(2) the creation of a purchase money security interest for household appliances;(3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety;(4) the granting of a leasehold interest of three years or less not containing an option to purchase;(5) a transfer to a relative resulting from the death of a borrower;(6) a transfer where the spouse or children of the borrower become an owner of the property;(7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property;(8) a transfer into an inter-vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or(9) any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.So, like K.
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29 April 2020 | 215 replies
Dion DePaoli - please quit confusing the members here with your mumbo jumbo and "expertise" in note creation.
27 June 2012 | 2 replies
I have attended a few seminars on property investing and have researched a few companies that offer the services of finding, planning, organising finance, contractual agreements covering firewalls between properties, accountancy, etc.. such as JDL Strategies, Lunch Money Property Millionaire - Phil Anderson, Greenlight property Solutions, Whytes Wealth Creation, and Sterling Group to name a few.