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1 April 2024 | 15 replies
I agree with the difficulty in getting lending but there is certainly a market for manufactured on land and a lot of these older manufactured homes and title removed and considered real property.
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30 March 2024 | 11 replies
You may find it difficult to obtain financing from private lenders due to the fact when utilizing SubTo, you don't actually hold title to the asset.
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30 March 2024 | 9 replies
I'm trying to learn from my mistakes, including being able to read a title, getting all other information (liens, loans, taxes, etc.), fully researching before I buy a property, getting a lawyer to help in future bids, title insurance, and home insurance.talked to a title insurance company they said my my title search is an abstract does that mean there might be vital info missing regards to more money i might have to pay ??
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1 April 2024 | 15 replies
Beware that 1) some lenders might not lend in Tulum because they deem it too risky given the oversupply situation and 2) other lenders won't lend if the purchase price is below $750k because you can't get title insurance in Tulum specifically.Finally, beware also that there's a huge difference between a lifestyle purchase and a (profitable) investment purchase, the latter being all about numbers.
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29 March 2024 | 1 reply
My loan officer mentioned that the title company had the complete package four days before the closing, and my cash-to-close amount was confirmed three days prior to the closing date.
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30 March 2024 | 18 replies
In order to get an insurable title, I have to submit a Quiet Title suit to county court, research to identify and notify possible claimants, and present the case to the judge.
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30 March 2024 | 8 replies
This may be your best bet as it lets you hold off on formation, but its important to make the title company and the lender aware ahead of time so they can update title and prepare the loan docs with the correct entity name.
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28 March 2024 | 3 replies
My question is If my wholesale deal is in for example Baltimore Maryland, can my title company/closing location be at a different city?
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30 March 2024 | 10 replies
@Davit GharibyanI still don't see a reason to incorporate...Sure, having a pair of single member LLC's, or even multi, doesn't change your taxation since they are pass through entities.However, its been discussed many times about your setup providing some segmentation of the liability since the Mgt LLC is doing the lease (you'd create a PM-type contract between the Title holding entity and the mgt LLC).
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28 March 2024 | 7 replies
Here are some differences between a land trust and LLC:Land TrustAnonymity - if the land trust is set up with a nominee trustee, then title to real estate can be held privately.