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15 November 2024 | 13 replies
What @Erik Estrada said about your mortgages coming due upon the transfer is a real issue.
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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.
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15 November 2024 | 8 replies
Without question, do not open escrow or transfer funds without going through a Real Estate Law Firm.
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13 November 2024 | 18 replies
Fannie/Freddie absolutely will allow you to transfer your property into an LLC after closing.
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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.
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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).
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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.
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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.
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15 November 2024 | 6 replies
Would love your insight and/or simple list of pros and cons.For Baselane I'm interested to hear if folks have opened an account with them and what that looks like - are you immediately transferring to an existing property account or actually using their account to manage things?
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14 November 2024 | 25 replies
Can you get somebody transferring in to rent the house for their 2-3 year tour?