Handie Kunen
Refinance to LLC - is it considered a sale?
17 October 2018 | 11 replies
Land Trusts are generally thought of as being used for estate planning purposes and *should* not trigger Due on Sale clauses.
Tony Rodriguez
Quitting my 9-5 soon and looking for banks that refi without W2
18 October 2018 | 30 replies
After I fix it and get new tenants I might be able to refinance it for $450-$500K, that would give me enough cash on hand to be constantly flipping, I want to be able to get a property and rehab it while also be able to pull the trigger on the next deal.
Ayen Lee
Rental property under LLC,do I have to inform the Mortgage Comp?
19 October 2018 | 18 replies
DOS - The transfer most likely will trigger the Due on Sale clause (DOS) - a detailed resource on Due on Sale you might want to read is: the-truth-about-getting-around-due-on-sale-clausesAlso, these threads might be worth reading:386043-bank-called-my-due-on-sale-clause183825-due-on-sale-clause-was-called-by-bank232247-due-on-sale-clauseThen, if you choose to proceed, at least you'll know what you getting into.
Stephanie Stevens
City of Chicago : gas bill
24 October 2018 | 4 replies
Any formal closing process or deeded it over should have triggered a transfer stamp to get the final water bill paid before you took ownership!
Ayodeji Kuponiyi
Subject-To on an Estate? Son Doesn't Want to Make Payments
18 October 2018 | 8 replies
The father was a veteran.Due to interest rates rising, I suspect the lender may call the loan due if the deed changes name however I'm not sure if this deal can move forward because of triggering the due on sale clause and keeping the estate active to do Lease Option?
Paul Shepherd
First Deal - Cleveland, OH - Does this deal make sense? Layout ?s
31 October 2018 | 4 replies
Being my first deal, other than my live-in flip I sold last Dec, it's hard to know when to pull the trigger.
Account Closed
Annual Cost for License in MA
17 October 2018 | 1 reply
I am waiting until my husband and I pull the trigger on another property first.
Colton Reid howard
How to get LLC Loan in Chicago IL
18 October 2018 | 5 replies
This will not trigger the due on sale clause as Fannie Mae changed their rules on that a year ago to now allow that?
Michael Lewis
LLC’s and leveraging
17 October 2018 | 1 reply
This document being private and not recorded, should not trigger it.
Devyn Grillo
Should I try house hacking?
18 October 2018 | 4 replies
As you know, real estate is a relatively illiquid investment so you want to be really sure about what you are getting into before you pull the trigger.