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1 February 2025 | 19 replies
Hey Aaron, have you considered a commercial mortgage from a local bank like First National or Bangor Savings Bank?
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3 January 2025 | 7 replies
With online access to almost every jurisdictions property recordings, lenders today use software that automatically searches property transfers for transfers involving their loans.
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5 January 2025 | 5 replies
@Charles Kao I believe he means attorney & Title Services that are familiar with non traditional or creative Transfers or Sales of property that don't include Banks.
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30 December 2024 | 1 reply
if you have an LLC and both properties are under it, you just need 1 operating account.If both are under your personal, 1 bank account specifically for the rental is enough for operating.Security Deposits should always be a separate account altogether.
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19 January 2025 | 354 replies
There would have been a "run on the bank" a long time ago if they did.
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6 February 2025 | 17 replies
It takes a lot of phone calls and asking around, but you can normally find a local or regional bank that is willing to work with investors on these types of properties.Mike
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14 January 2025 | 9 replies
One key factor to confirm is whether the STR permit is transferable, as regulations can change.
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7 January 2025 | 6 replies
The reason for this email is that we need to schedule a call with a representative about our direct deposits to our bank account, we keep having the same problem every month.
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29 January 2025 | 23 replies
This is what I am encountering, in the current Mortgage Industry.If you think you will go FHA, Conventional, FHA 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.
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4 February 2025 | 2 replies
Buy of course banks won’t use “gift funds” and I don’t want to wait 60 days to let season.