11 May 2019 | 17 replies
The due-on clause is called an alienation clause, and the call is referred to as an acceleration of the note balance.The due-on clause is triggered by: any conveyance of ownership, including land sales contracts; origination (except home equity loans) or foreclosure of junior trust deeds on the property; or the creation of a lease for more than three years, or any lease with an option to buy. [12 Code of Federal Regulations §591.2(b)]The carryback AITD transaction, of course, involves both a sale (the grant deed) and a further encumbrance (the trust deed).Thus, an AITD transaction triggers the due-on clause in any underlying trust deed, allowing the lender to: call or recast the loan unless written consent to the sale has been given; or fail to act on the right to call after notice of the transaction, called a waiver.Thus, when current market interest rates are high and the AITD is most beneficial to both the buyer and the seller, a senior trust deed lender is likely to call the underlying loan due on the sale.
31 October 2018 | 7 replies
Live in it and eliminate your housing expense, which can be a very good strategy for rapid wealth creation.
4 November 2018 | 0 replies
To take this run down home into my hands and mould it into a beautiful creation that I can sell to not only put money in my pocket, but to bring it back to life and make a new family very happy with everything they are looking for in a home for as long as they want to live in it.
16 July 2018 | 24 replies
My podcast, Pillars of Wealth Creation, recently covered a 16 week apartment investing series, where we covered syndication as well.
13 July 2021 | 5 replies
Moderator Note: Discussing the creation of an event in this forum is fine, but event announcements are only allowed in the Events Forum.
16 June 2018 | 57 replies
Compound interest is crucial for wealth creation and your 20s are the best time to start.
22 March 2021 | 10 replies
As an architect, I cannot merely sign and seal a set of documents that I did not create or have direct control over their creation.
8 March 2021 | 7 replies
If you can get a 4 unit and a basement, that would be ideal and create major cash flow and equity creation, plus you can not worry about a property manager and boost your yield.Personally, I am very bullish on New York and NYC itself.
19 November 2022 | 0 replies
There is not “one way” to play this game of real estate and wealth creation.
31 January 2024 | 2 replies
By allocating tax credits to developers, the government encourages the creation of housing units for low-income individuals and families.