Current tax basis is approximately 25%-35% of FMV and the sale would trigger a sizable capital gain. 

This move will technically allow the bank to trigger this clause but supposedly they rarely do.

I might be a player and I work with a group of about 30-40 investors that can pull the trigger on this kind of thing.

(google FSBO scripts)Better to go a bit high than a bit low on an asking price (at least in this case)Pull the trigger on something you know you won’t lose to get the experience

Good Morning Everyone,I’ve been following BP for a couple of years and have finally decided to pull the trigger on earning my RE license - should be wrapped up and official come mid-July.

Could the quitclaim trigger the due on sale clause? 

Peaks and valleys seem to run in 10 year cycles, with downturns usually triggered by bad news.

Trip up and cause the due on sale clause to be triggered, then you And the seller are in trouble.

I’m just looking to separate my personal assets (not much now but growing steadily) from my rental properties and the deals I’m partnering on.I know LLC’s are a bit of a trigger topic here so Please be nice to one another in the comments.Thanks all for the read.

Pull the trigger now and figure out a creative way to start investing today.