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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.
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17 January 2025 | 7 replies
It would be wise to rectify it before transfer of title so your starting off clean and hopefully won't have any issues when you go to sell down the road.
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19 January 2025 | 9 replies
It would/could be only 15% capital gains tax and yes you could/would deduct all selling costs including commissions and transfer taxes.
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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.
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13 January 2025 | 8 replies
Nomad also held the renter's deposit hostage even after I cleared the transfer with no damages to be charged.I had to remind Nomad there is a difference between “can” and should” , while you “can” hold a deposit longer it “should” only be done when there is a question about damages.My bank liked the guarantee, the disorganization inside Nomad and the horrible vendor management would cause me not to use them again.
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20 January 2025 | 5 replies
@Kyle McVay I self-managed my first 5 units and then transferred all new units to a PM.
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12 January 2025 | 1 reply
Any advice on how to navigate this while keeping the deal intact or potential transfer of partners would be greatly appreciated!
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15 February 2025 | 77 replies
Bankrate Amortization Calculator Josh do you (or anyone else doing thise) use any software to manage the process of when to transfer cash from HELOC to principal and timing effectively or you just an Excel?
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17 January 2025 | 23 replies
Lastly, you're coordinating with vendors who want to be paid for their work and time.
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31 December 2024 | 2 replies
Would it be possible for my wife to transfer the house/deed into her name (or buy the house, etc.) so we can take a loan against it to help pay for the memory care?