All mortgages contain a “due on sale clause” which states that the lender may, at its option accelerate (call note due) if a transfer of the property securing the note takes place.  

I am still waiting for the Court to sign off on the sale ratification, before my foreclosure attorney can get the title transferred and recorded. 

When transferring real estate as a gift, it does not receive a step-up basis, as it does when it has been inherited.

People want reliability, honesty, being on time, and having a good personality more than just a few $$.

Focus on areas with strong rental demand, like Broad Ripple, Fountain Square, or near universities like Butler and IUPUI.Maintenance Costs: Indiana weather can be tough on properties, so budget for seasonal maintenance like snow removal and HVAC servicing.Additional AdviceKeep an Emergency Fund: Unexpected repairs or vacancies can arise, so having 3-6 months of expenses saved will help you weather any surprises.Build a Reliable Team: I have lists of contractors, handymen, cleaners and property managers if you'd like me to send.Good luck with your property and future expansion!

I have a lot of colleagues with multis in Philly and all are doing well because of low taxes and high reliability, but it has its challenges.

Deed transferred to my name Sep 2023.Renovations from Nov 2023 - December 2024.No appraisal done at death.

I’d love to hear about the crime rates or any other issues (which we cannot guess from the online stats), and how easy or hard it is to find reliable tenants and property management companies.

From there, work with a reliable cash-out refinance partner to continually access your equity, allowing you to keep non-taxable cash on hand for future investments.

I believe the idea is that if you transfer a property from your name to a trust you own, the Due On Sale isn't called.