Marc Shin
Changing my primary mortgage to a HELOC
30 December 2024 | 5 replies
Quote from @Marc Shin: I saw a video by Miles Golden and he said you change transfer your primary mortgage to a HELOC, and then you can pay all your bills out of the HELOC and pay off your mortgage in 3-12 years.
Edreco Amos
Looking to get my first long term rental property | How is Miami's market?
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.
Angel Mora
Evernest Property Management
29 January 2025 | 25 replies
It’s humiliating to call customer service who has no idea what is going on and can’t quite transfer you to property manager.
Doug Kirk
Liens on a property and determining position
3 January 2025 | 8 replies
In my area, they charge transfer tax on the assessed value rather than the LOW sale price.
Amos Lee
Ohio or Vegas??
6 January 2025 | 8 replies
Don’t forget to pay your state of OH income tax, even on the formerly tax free money you are transferring out of NV in to a state with income tax. :-).
Jay Hinrichs
New laws in Oregon now define who can wholesale and what license is required
9 January 2025 | 46 replies
The disclosure must include:1. that this is an equitable interest2. if wholesalers does not have legal title and may NOT be able to transfer title
Steven Catudal
Investing in Alabama as out of state investor with a partner
15 January 2025 | 12 replies
Fannie Mae will allow you to transfer the deed to an LLC if you decide to try to go the conventional route, but the loan would still be in your names and you'll need to pay a title company a second time post-closing to do this for you. 3) I can't speak for the area so no comment there4) If you're self managing, make sure you find vendors you can trust in the area since you won't be able to easily verify if an HVAC guy, plumber, etc. is trying to rip you off and tell you to buy something you don't actually need. 5) Make sure you have clear alignment of goals and a clear operating agreement that spells out what to do if those goals start to not align in the future since you'll be jointly obligated to these properties.
Tom Hall
is it a good idea to pay of my mortgage fast?
6 January 2025 | 28 replies
If you are buying another home, I think there are also ways to transfer your mortgage.We have mortgages that are similar to that in the United States but use different terms to describe them.
Aileen Ouyang
Keep or Sell?
2 January 2025 | 9 replies
I see it that your first decision is; to scale (grow), to coast (doesn't sound of interest or else you wouldn't be asking these questions, right), to exit (cash-out) or to transfer.
Michael Nguyen
Due on sales clause...Has anyone experienced this?
31 December 2024 | 2 replies
Most people will get the loan in their name first, and then transfer it into the LLC after.