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29 January 2025 | 5 replies
This started my thought process that maybe I should sell.
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23 January 2025 | 1 reply
At it's basic level:Assumption: Asking the bank to turn the loan over to you and going through the normal underwriting process, credit, income, DTI ratio etc SubTo: Taking over the loan without telling the bank, no underwriting, no credit check, no income verificationBoth have risks, but it's not my intent to be detailed in this post.
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21 January 2025 | 5 replies
And using the process buy a new property or properties that you also intend to hold for investment use.The issue for you might be that you purchased this property with the primary intent of selling.
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3 February 2025 | 4 replies
We have sold a few properties and experiencing this process from the seller's side double underlined that for me.
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21 January 2025 | 4 replies
Key points include:Security Deposits: In Indiana, there’s no legal cap on security deposits, but you must return the deposit (minus any valid deductions) within 45 days of the tenant vacating the property.Evictions: Follow the formal process carefully.
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19 January 2025 | 8 replies
Additionally, add in the ambiguity/risk of the due on sale clause or ramifications on the conventional loan of transferring the property from your individual name to an LLC - the economics don't make sense, and the headache isn't worth it even if it did, in my opinion!
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10 February 2025 | 12 replies
Obtain the necessary insurance as well to guard against any hazards or damages that may arise throughout the renovation process.6.
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11 February 2025 | 7 replies
I’m in the process of opening an LLC to get things started and exploring the best approach to enter the market.
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31 January 2025 | 7 replies
This would be an easy decision however I do not think you can come close even with you being active in the process.
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19 January 2025 | 0 replies
I realize I am not cut out for the entire REI process of consistently finding multiple properties for particular exit strategies.