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21 February 2025 | 8 replies
If the LLC is a single-member LLC, it is considered a disregarded entity for tax purposes, meaning the taxpayer remains the same (under the same Social Security number) and there would be no reason to change title prior to the sale.
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15 January 2025 | 11 replies
I contacted as many companies as possible to get a quote to compare prices for new gas furnaces. I am looking for pricing information from the BP community on how much should I expect to pay for replacement and instal...
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14 February 2025 | 19 replies
It's going to depend on the lender, how it's titled and what kind of refinance you are doing.If you're doing a conventional cash out refinance, a lot of lenders are going to require a 3 to 6 month seasoning period prior to refinancing and it will have to be rented first.
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18 February 2025 | 8 replies
IMO if I had to sell - I would contract for deed so I retiain title until the debt is paid off or at minimum a wraparound note on my existing debt and have the investor personally guarantee this coupled with a deed in lieu of foreclosure (now the investor has skin in the game if they default).
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27 January 2025 | 0 replies
I came across some critical information today that I think is important to share with you:In the aftermath of the LA fires, it has become evident that some homeowners’ insurance claims have been denied or disputed because the property title was held in a trust, but the insurance policy was under the individual homeowner’s name.This serves as a valuable reminder to review your insurance policies and ensure that the ownership structure on your property title matches the named insured on their policy.
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8 February 2025 | 12 replies
Thank You Hi John, Most DSCR lenders will start the seasoning period when the property was purchased and new ownership on title was recorded on county records.
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3 February 2025 | 0 replies
Purchased with all Cash, title transferred into my name in 6 days Lessons learned?
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6 February 2025 | 15 replies
The licensed plumbers do not get permits for water heaters, I have never heard of one being red tagged solely for not having a permit so I do not get permits (and know no one that does) for swapping a water heater.
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11 February 2025 | 167 replies
Title companies are not going to accept Bitcoin as good funds at this time.
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4 February 2025 | 0 replies
With down payments, improvements, commissions, title work, holding costs etc....