6 March 2024 | 2 replies
You would most likely need to just refinance with the VA loan and have a transfer deed changing ownership at closing.
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6 March 2024 | 5 replies
Just add deed prep and transfer taxes.I would not avoid properties just because of the ground rent element.
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9 March 2024 | 89 replies
You need to get in front of where things are going in your view; your view may be wrong, so take that into account too.My view on REI and a little in macro-- primo lands will be more primo, investor pools will run to chase dollars which in turn makes non-investment grade areas a better return on equity, managing and owning debt may be a better return than equity, international equity exposure may be superior to domestic, liquidity and cash reserves will remain highly valuable and the notion of all cash needs to be invested will no longer be pushed as hard.
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6 March 2024 | 6 replies
Forming a single member LLC offers tax and management advantages however, amending your existing partnership LLC with the state might be quicker and more cost-effective than transferring ownership through a quitclaim deed.
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5 March 2024 | 2 replies
But the deed is not transfered to him until November.
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8 March 2024 | 53 replies
It is a great strategy to throw into the mix when you are working with a lot of reserves, but if you assume a loan at a 3% rate and rates are in the 6-8%s now, then it is a no-brainer for banks to enforce the "due-on-sale" clause and call the loan due on a transfer of title so they can use those funds to make mortgages at the current market rates.
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6 March 2024 | 5 replies
I ran my own business for 15 years right out of college that had huge benefits for being an entrepreneur but didn’t create any real transferable job skills.
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6 March 2024 | 16 replies
Having a property management team with internal maintenance techs on-staff, preferred contractors/vendors(vetted with long-term 10+ yr relationships), and processors in place- is where you'll find peace of mind.
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5 March 2024 | 4 replies
The title of the property would be transferred to the new LLC when you close on the refinance.
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6 March 2024 | 4 replies
I KNOW SOME LENDERS WONT ALLOW A TRANSFERABLE MORTGAGE.