So correct me if I am wrong, the reason being that you cannot reconcile bank accounts, credit cards, cannot epay or print checks, track loans, fixed assets, view a Balance Sheet and more.Saying that in QuickBooks you can create automated invoices.

Let's help one another achieve success!

From securing the best financing options to planning for future growth, my goal is to help you achieve financial success through smart real estate investments as a loan officer.

Ok, now add in the first one, with 745 score, has a current aggregate balance on the laundry list of consumer credit accounts of about $38k.

I believed this forum to be people that share ideas and experience to help other achieve financial goals with real-estate.

Send them notice of balance due, file collections, and sue them in small claims court. 

It truly is the best way to achieve generational wealth. 

Option 1:Pros:Simplicity: You avoid the potential complications of alerting the lender.Maintains Low-Interest Rate: Since your loan is at 3%, you continue benefiting from this favorable rate.Avoids Immediate Full Payment: You won’t be forced to come up with $45k immediately.Cons:Risk of Detection: If the lender identifies the payments coming from an LLC, they might call the loan due.Potential Consequences: If the lender enforces the due on sale clause, you might be forced to pay the remaining loan balance quickly.Option 2:Pros:Transparency: Being upfront might build trust with the lender.Possible Flexibility: Given your solid payment history, the lender might agree to the arrangement.Legal Compliance: You avoid any potential issues with violating the terms of your mortgage agreement.Cons:Risk of Loan Acceleration: The lender could still decide to call the loan due, forcing you to pay the remaining balance.Potential for Higher Payments: If forced to refinance, you might end up with a higher interest rate.Given the pros and cons of each option, but a cautious approach might be best:Consult a Real Estate Attorney: This can give you a clear understanding of your legal standing and potential risks.Evaluate the Importance of the 3% Rate: Weigh the benefits of keeping your low-interest rate against the risks of potentially having to pay off the loan early.Consider a Gradual Transition: This method allows you to continue benefiting from the low-interest rate while reducing the risk of triggering the due on sale clause.

Check in with @Joseph Chiofalo he's working on several high balance cash out transactions for clients and they can close very quickly.

This will not be the case on some of the lower priced properties that are abundant in this area.DON’T FORGET ABOUT THE CURRENT YEAR’S PRORATED TAX BALANCE!!!