Many licenses can't be transferred to the new owner and some people secretly run STR in places they shouldn't.

U gals are just speculating Need to unwind this how it actually happened and if there was a transfer of title that was or should not have been allowed and if there is insurance for the buyer..

You need to be careful handling the transactions, like not depositing checks in your regular account and then transferring to your Roth.

Hi Everyone,   We are three buddies starting out the investment together and have an LLC registered.Now that we have identified the property to buy ,we reached out to AXOS and were given the option to take conventional and transfer the title after closing / take an LLC loan at a higher interest rate (1.5% more)     Should we go the conventional route and then transfer the title after closing ?

The seller was great, arranging with Furnished Finder to transfer the current listing to us.

. ;-) it's by preference, by agreement of the parties involved. title is for sure held in sellers name on contract for deed .. if it is not means its transferred to another party via a deed transfer .. just hold a contract for deed in a neutral escrow does not transfer anything if you ran title it would still come up in the sellers name.. 

Hi Everyone,We are three buddies starting out the investment together and have an LLCregistered.Now that we have identified the property to buy ,we reached out to AXOS and were given the option to take conventional and transfer the title after closing / take an LLC loan at a higher interest rate (1.5% more)Should we go the conventional route and then transfer the title after closing ?

In a perfect world, your primary would be paid off and the only HELOC on it would be for peronsal emergency issues - job loss, medical, etc.Recommend you find a lender that finances rentals, get a refinance going, then watch mortgage rates for the next dip to lock in a decent rate and close.I am looking at transferring the property into a LLC.

However I did not (oversight) transfer the title to the LLC.

Regarding the sales codes you've encountered, "QC" indeed stands for Quit Claim Deed, which transfers the seller's interest in the property without any warranty regarding the title's validity.