Eyal Goren
Is Subto legal?
14 January 2025 | 23 replies
The "due on sale" clause (DoSC) obligates the seller to notify the lender if the property is sold.Failing to do so would place the seller in violation of this agreement, giving the lender the right to accelerate the loan.But no laws are being broken here.So, subto is neither legal nor illegal.Second, it only works because most lenders are more interested in receiving payments than in invoking the DoSC clause and foreclosing on the property.But, it can work, provided seller and buyer are both on board and the proper process is followed.
Julian Zamora
How do I pass the NMLS SAFE Mortgage Loan Originator Test?
10 January 2025 | 7 replies
I am a licensed realtor based in Atlanta, Georgia, and I am currently working on obtaining my mortgage origination license.
Bob Asad
Has Anyone Done Tax Deed Auctions in FL?
11 January 2025 | 6 replies
Usually you can find this online.#3 Chances are you will never buy a $500,000 property for $30,000.
Erick Pena
Advice Needed: Identifying "Good Deals" in Real Estate Investing
20 January 2025 | 14 replies
The bottom line for us is that the financial benefits associated with the deal must far outweigh the risks.
Victor N.
Tenant Refusing To Turn on Heat In Winter In Order To Save
18 January 2025 | 36 replies
Maybe something along the lines of your insurance company requires the heat to be set at certain temperatures or they won't cover a damage claim etc.This way you are telling her there is nothing you can do it about it.
Dan Ross
Is the Pace Morby Subto program worth 10,000 dollars?
31 December 2024 | 41 replies
Lots of sellers will be screwed.
Becca F.
Questions for Ohio agents/investors and Class A, B, C in your markets
12 January 2025 | 25 replies
This is specific to this, I have the detailed 411 on this, including full background on seller, why selling, how things have gone, maintenance history and recent updates/upgrades such as the newer roof, HVAC etc etc etc...
Dave Cali
Looking to form a syndication.
16 January 2025 | 3 replies
Yes, operations is a big part of that, especially for anyone that wants to be a business for the long-term.If I were you, I would be talking to office brokers about partnering more than an online forum.
Tim Johnson
Is Real Estate the best way to reduce your taxes?
18 January 2025 | 5 replies
Look at all of the losses you can count against your rental income.Now look at line 18.Line 18 is usually:(Value of your property) - (Land value) / 27.5 years.
Micaiah Marquette
Seller Second Mortgage on an 80% LTV First Mortgage
11 December 2024 | 2 replies
No, banks do not allow a seller held second now a days due to risk and new guide line changes.