Andres Triveno
How to structure short term rental ownership
15 November 2024 | 13 replies
What @Erik Estrada said about your mortgages coming due upon the transfer is a real issue.
Nevin Wilkie
Refinanced my first BRRRR but bank will not let me put it into an LLC
13 November 2024 | 18 replies
Fannie/Freddie absolutely will allow you to transfer your property into an LLC after closing.
Jared Khan
Best Down Payment Source
13 November 2024 | 17 replies
I personally like the credit card balance transfer check route, since it's interest-free for a decent amount of time (aside from an initial 3.00% fee).
Jerome Nunez
Dissolving Membership Interest in LLC with Mortgage Liability
13 November 2024 | 3 replies
Transfer of Membership Interest: You can dissolve your membership by selling or transferring your 33.33% stake to the remaining partners or a new member.
Gisell Garcia
Ways to collect rent
14 November 2024 | 25 replies
Been renting for 10+ years, before venmo / zelle - whenever I asked my tenant they used to prefer bank transfer or checks.
Chris Brown
1st time off market deal
15 November 2024 | 8 replies
Without question, do not open escrow or transfer funds without going through a Real Estate Law Firm.
Philip Jones
Refi LENDERS in BRRRR
18 November 2024 | 16 replies
@Philip Jones we've helped our clients do over a hundred.As some of the lenders posting have pointed out, the challenges are:1) Property value and corresponding loan size2) Appraisals have much better comparables than 5 years ago, but may still be an issue.3) Property condition can be an issue via the appraisal4) Ownership seasoning - most lenders looking for 6+ months or incredible documentation for cost of improvements made.5) Most DSR lenders require professional property management.Always try a small local bank or credit union, but most will expect you to transfer your business bank accounts over to them.
Jay Hinrichs
How U.S. can lower housing prices? And Could Trump look at Broker model as Broken?
20 November 2024 | 45 replies
Last two loans I did they did an Mai at no charge and they forgot a floor plan and had to get a one off for that one and no charge.. only thing we pay for is title insurance and escrow fee and property tax's and transfer tax if any.
Kevin Lorick
My property manager deposits rent into his account before paying me, is this normal?
15 November 2024 | 13 replies
If there's nothing stated, call them and have a converastion.Some PMs will collect rent and transfer to you while others will have the rent sent to you directly and charge their fees separately.
Karan Shergill
Forming LLC or keeping properties under my name
11 November 2024 | 3 replies
I purchased it under my name but was thinking of transferring it to LLC.