![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2665850/small_1680815340-avatar-tylerb693.jpg?twic=v1/output=image&v=2)
12 January 2025 | 7 replies
LLCs are a legal tool, not a tax one.Transfer from personal name to LLC/Due On Sale ClauseIf one is transferring property title from personal name, a Grant/Warranty Deed would be drafted/recorded to transfer title.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1669508/small_1715981795-avatar-collinh21.jpg?twic=v1/output=image&v=2)
9 January 2025 | 18 replies
You can find the most recent sales price for the property on the local tax records website or by doing a quick search on Zillow.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2982789/small_1711558245-avatar-cristalo2.jpg?twic=v1/output=image&v=2)
7 January 2025 | 5 replies
What I've seen is that when asked to provide an assurance that a loan wouldn't be called because of a due on sale clause being triggered, the lender customer service typically just outright says it's not allowed, or default to a "no", because they see it as a black and white question, and miss why the due on sale clause is actually written into the mortgage document to begin with.If one is transferring property title from personal name, a Grant/Warranty Deed would be drafted/recorded to transfer title.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3169207/small_1736812449-avatar-richardv164.jpg?twic=v1/output=image&v=2)
19 January 2025 | 47 replies
My “reasoning” is based on two points1- the current system of property records filing in a million different jurisdictions with expensive title searches necessary for almost every title transfer and mistakes still being made can be made much less expensive, much faster, and much more reliable through migration to some sort of “blockchain” National registry.2- Numerous investments have been divided into, and offered as tranches of the whole.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2433355/small_1695010032-avatar-diandrep2.jpg?twic=v1/output=image&v=2)
12 January 2025 | 7 replies
Private lenders or even creating a small syndicate with a group of investors might also be worth exploring, especially since you can point to your uncle’s track record and your own experience managing rentals as a selling point.If timing is tight, you could look into a bridge loan to secure the property while figuring out a more permanent solution.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3058210/small_1719228142-avatar-johnf1030.jpg?twic=v1/output=image&v=2)
6 January 2025 | 7 replies
Last I would see if there is a record of an oil tank.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1416272/small_1737076079-avatar-zacharyy11.jpg?twic=v1/output=image&v=2)
30 January 2025 | 56 replies
However, without an MLS in the area, determining the right price to pay can be challenging.This lack of records makes our job more demanding but also gives me unique opportunities to help clients pay the right price.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2864613/small_1698360855-avatar-garya155.jpg?twic=v1/output=image&v=2)
7 January 2025 | 3 replies
I don't necessarily need the standard features of pm software, such as rent collection, bookkeeping and maintenance requests, though that could help; but do need a clearinghouse of important information, such as leases, legal docs and other information; maintenance vendors I use; maintenance history; and some kind of tracking system, where I can record the various current projects I'm working on within the business.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2983325/small_1716739103-avatar-marcs233.jpg?twic=v1/output=image&v=2)
13 January 2025 | 16 replies
Always keep record of where you told your insurance company that the property was being used for STR.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/708608/small_1621495833-avatar-shaunn4.jpg?twic=v1/output=image&v=2)
18 December 2024 | 4 replies
What is the most cost-efficient way of updating the deed records?