Hi everyone, I am considering to purchase an investment property that had foundation repair done by Straightline Foundation company in the area, lifetime transferable warranty is provided.

After running numbers i'm looking at around $780/month in positive cash flow .The seller owns these properties free and clear and wants 5% interest and for me to pay any transfer/closing costs, i'm estimating $1,500.My question is, how do you pay down principal on a deal like this?  

I simply browse the property transfer section and take note of those that are selling real estate at reduced prices.

From what I've heard, they don't really care if you transfer it to an LLC after you close the loan, but it might technically trigger the due on sales clause.

Finish out escrow and then you can transfer the property into the LLC. 

My sister and father did something very similar to transfer a property and get my parents paid while beginning her RE investing career.I’m in Parker too.

Hi All,My offer was accepted but the seller has a C of O (done 18 months ago) that is not transferable and will not give credit for a new one and is not negotiating. 

Are you buying under an LLC, buying under your name and transferring to an LLC, having an umbrella policy?

From what I understand that $27,000 in tax delinquencies from the state could have been transferred to me had I not caught this before closing.

There is the 20% federal tax credit, then an additional 20% that the state matches and, I believe, the tax credits are transferable.