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12 December 2024 | 12 replies
Talk to lender to find out how to transfer assets without triggering due on sale clause.Did I get all that right?
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30 December 2024 | 89 replies
Almost none of them ever pull the trigger.
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16 December 2024 | 1 reply
Portland has gone a step further, imposing requirements almost guaranteed to trigger unintended violations.
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17 December 2024 | 12 replies
Been doing a ton of research on REI over the past few months and am ready to pull the trigger next year.
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13 December 2024 | 2 replies
Key Steps Before ProceedingContact the Loan Servicer: They will guide you through the assumption process and confirm whether an entity can participate.Consult an Attorney: If you’re considering title transfers or joint ventures, an attorney familiar with VA loans can help you navigate potential risks.Understand Due-On-Sale Clauses: Ensure any post-assumption changes comply with the loan terms to avoid triggering repayment demands.Final ThoughtsVA loans are a unique and valuable financing tool, but the program’s focus on personal borrowers makes entity-based assumptions unlikely.
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10 December 2024 | 8 replies
How do you make sure you have enough funds to pull the trigger on a deal?
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17 December 2024 | 14 replies
And an Agent/GC will only run around so much without you pulling the trigger.
13 December 2024 | 15 replies
Transferring ownership to your LLC might trigger transfer taxes or reassessment, depending on your local regulations.Commercial lenders will evaluate your loan based on the property’s cash flow (DSCR) rather than your personal income, which is great for freeing up your DTI.
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10 December 2024 | 0 replies
The $450K will be returned to me as payback of my loan to the intermediary, without trigger any capital gain taxes, right?
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17 December 2024 | 22 replies
@Nick McCandless - Have you pulled the trigger yet?