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Results (10,000+)
Anastasia Jordan Counter Offer on Tax Sale Properties (Alabama & elsewhere)
28 June 2024 | 46 replies
Have you had any success with this method lately?
Dean Valadez Paying mortgage on a former personal residence turned rental under an LLC
26 June 2024 | 2 replies
Option 1:Pros:Simplicity: You avoid the potential complications of alerting the lender.Maintains Low-Interest Rate: Since your loan is at 3%, you continue benefiting from this favorable rate.Avoids Immediate Full Payment: You won’t be forced to come up with $45k immediately.Cons:Risk of Detection: If the lender identifies the payments coming from an LLC, they might call the loan due.Potential Consequences: If the lender enforces the due on sale clause, you might be forced to pay the remaining loan balance quickly.Option 2:Pros:Transparency: Being upfront might build trust with the lender.Possible Flexibility: Given your solid payment history, the lender might agree to the arrangement.Legal Compliance: You avoid any potential issues with violating the terms of your mortgage agreement.Cons:Risk of Loan Acceleration: The lender could still decide to call the loan due, forcing you to pay the remaining balance.Potential for Higher Payments: If forced to refinance, you might end up with a higher interest rate.Given the pros and cons of each option, but a cautious approach might be best:Consult a Real Estate Attorney: This can give you a clear understanding of your legal standing and potential risks.Evaluate the Importance of the 3% Rate: Weigh the benefits of keeping your low-interest rate against the risks of potentially having to pay off the loan early.Consider a Gradual Transition: This method allows you to continue benefiting from the low-interest rate while reducing the risk of triggering the due on sale clause.
Alexander Wehrmann Convert my home to a rental and sell equity
27 June 2024 | 6 replies
The risk to you is that by selling partial ownership you may be selling a security under the Federal definition and therefore depending on the method used to find investors could be violating Federal or state securities regulations.  
Justina Sirohman Rehab Estimations in Cleveland, Ohio
26 June 2024 | 15 replies
I am interested in pursuing the BRRRR method, but I am hesitant to take this on due to the "Rehab" portion of the strategy. 
John Kelp Does it make sense to keep these 2 properties ?
26 June 2024 | 3 replies
Just trying to scope out ideas / methods to minimize loss here . 
Joshua Lee Getting started with $0 and zero equity?
26 June 2024 | 9 replies
Quote from @Joshua Lee: I've read about house hacking the BRRRR method, FHA loans, etc..
James De Stefano Here's what 2 months of estimates and work looks like for Foundation Repair & floors
24 June 2024 | 2 replies
Our personal  house had previous work done but the piers were poorly done, and we noticed dry wall cracks and tile floor "separation"  about 2 years back.   
Ivana Timmers New Real Estate Investor in NJ
26 June 2024 | 12 replies
The best technique I found was D4D and use the 'sniper' method.
Sigyfredo Iniguez What can make a bedroom legal?
26 June 2024 | 6 replies
with help of AI:for a room to be legally considered a bedroom in California according to building codes, it must meet the following key requirements:Entrance: The bedroom needs at least two methods of egress - it should be accessible from inside the house (commonly through a door), and have one other exit like a window or door.Ceiling Height: At least 50% of the bedroom ceiling must be a minimum of 7 feet in height.
Nicholas Kania B2B Mid Term Rentals
25 June 2024 | 1 reply
Has anyone deployed this method and found success?