Gulshan D.
Buying a rental property - title question
23 August 2024 | 6 replies
So you would have to get a commercial loan if going straight to the LLC - which usually has worse terms (shorter rate lock period, shorter amortization schedule).USUALLY, you can borrow personally and then deed it to the LLC after the fact and as long as the LLC is owned by the borrower you won’t trigger a due on sales clause.
Victor Peng
Seller financing Down Payment of 20 Unit Apartment Building
23 August 2024 | 8 replies
The owner has a mortgage on it that is not assumable.Is there a way to purchase the LLC that holds the building/mortgage or will that still trigger a due on sale clause?
Cameron Kelting
1031 Exchange from LLC to Personal name
23 August 2024 | 4 replies
The IRS requires that the entity that completed the 1031 exchange (in this case, the LLC) remains the owner to avoid triggering capital gains taxes.One approach might be to hold the property in the LLC for a period (generally recommended at least a year) to demonstrate intent to hold it as an investment.
Karan Singh
Filter to remove spammers in forums
24 August 2024 | 55 replies
Talk about spam.Now that I typed the name of that state in, I probably triggered their keyword search.
Marciano Martinez
First rental out of state
23 August 2024 | 13 replies
Reading The Book On Rental Property Investing back in 2019, but never pulling the trigger because of analysis paralysis.
Jon Martin
Why is VRBO rejecting my photos?!
22 August 2024 | 9 replies
Something about the photo is triggering the rejection.I ended up pulling a photo from the MLS and cropping out the hideous towels they had hanging. . . .
Luis Herna
Due on sale was triggered so what should I do?
19 August 2024 | 15 replies
Lender find out and Due-On-Sale Clause is triggered?.
Danielle DeCormis
Any Luck with PMLs?
21 August 2024 | 2 replies
Are there any PMLs who will pre-qualify you so that you can pull the trigger (with their approval) ASAP?
Carol Donaldson
"Networth Realty" any thoughts?
25 August 2024 | 23 replies
When I was a full-time wholesaler most of clients were able to pull the trigger within minutes of entering the home, some trusted me enough to buy sight unseen on my recommendation, and some always wanted to get a contractor in there or run the contract past their lawyer.
Joseph Agins
Prepayment penalties on DSCR loans for paying extra?
20 August 2024 | 12 replies
So, would the PPP trigger for simply paying a little extra on monthly payments?