Mark Beekman
Where can my LLC get a HELOC?
9 January 2025 | 15 replies
I should have been more clear...I actually have a BLOC with multiple properties securing the interest.
Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
Separate accounts per property incurs a lot of overhead, such as minimum balances or fees for missing the minimum.I use separate accounts for each tenant's security deposits.
Chris Seveney
Getting A Deed In Lieu at closing to store away
29 January 2025 | 21 replies
However, deeds in lieu of foreclosure can be subject to judicial attack by their grantors and their grantors' creditors.Grounds for attacks on deeds in lieu of foreclosure include the following:• That the deed was an equitable mortgage - that the parties intended the deed to be given as security for a debt and that the deed was not an absolute conveyance.• That the deed is either a preferential or fraudulent transaction within the purview of the provisions of the federal Bankruptcy Act or any other related state law.• That the deed is a device to clog a mortgagor's right of redemption.• Unfairness of the consideration.• Coercion, fraud, oppression, duress, and undue influence.• That the deed is not subsequent to the execution of the mortgage but contemporaneous with it.• That the grantor/mortgagor was insolvent at the time of the execution of the deed.An estoppel affidavit (executed and acknowledged by the grantor/mortgagor, attesting to the fairness of the transaction, the consideration exchanged, the value of the property, and other factors showing an intention to make a genuine transfer) or a recital (inserted directly in the deed) are supporting documents used to forestall challenges to these transactions.State law and local title standards must be consulted in regard to the consideration and treatment of deeds in lieu of foreclosure.What a GREAT post!
Zhong Zhang
a multifamily investment case analysis
19 January 2025 | 6 replies
The tax benefits refer to the tax deductions from mortgage interest and property tax.The returns mainly rely on appreciation, and the cash flow only improves in the last few years, also depending on securing the 5% refinance rate.I've learned a lot from this forum, but as I start to operate on my own, I'm still not completely confident.
Leah A.
Seller looking for wholesaler
27 December 2024 | 16 replies
If the property is in Wisconsin, I'd love to chat with you.
Brandon Cormier
Off market Value add 4 family success!
24 January 2025 | 2 replies
This deal, i used my first successful buy and hold property and pulled a HELOC to secure financing and reserves.
Carlos Lez
Tenant's cosigner asking to break lease due to medical reasons
14 January 2025 | 9 replies
Unless the medical condition meets the state criteria for early termination and that the medical notice does not appear to suggest that, you cannot terminate the lease outright/immediately but that you will begin to market the property for rental and upon securing an acceptable tenant, the lease can be terminated pending a satisfactory property walkthrough indicating no damages.
Anthony Bodota
New to real estate and ready to learn!
15 January 2025 | 2 replies
With the future being so uncertain I realized there was a need to do more than just rely on my job for financial security.
Jonathan Baptiste
What I learned after 1 year of house hacking
17 January 2025 | 11 replies
It saved me when things got real (hello, crazy boyfriend with trust issues).Security Deposit: Non-NegotiableOne full month of rent as a security deposit (at the very least!)
Gregory L.
Rent it or live-in flip it?
26 January 2025 | 2 replies
Which one is more appealing - continuing to own the house or the security of that much cash/liquidity?