Chaliyah Penick
Taking over a mortgage for a relative in distress.
2 January 2025 | 6 replies
That is the best option if you are truly trying to help a family member.you cannot get control of the mortgage, you can do sub2 but you are not in control, the bank could call it due if they see the property transfers title.The other way is for you to buy it from them at market rate, then rent it back to them at market rate.
Phillip Austin
Should I fire one of my owners?
3 January 2025 | 8 replies
This client was transferred to me by another PM in our company because her portfolio is maxed out and she doesn't have capacity to take on more properties.This client had been self-managing a short-term SFR for the past several years and recently converted it to LTR.
Hitanshu Shah
PM has breached contract; legal options for Out of State Investor?
15 January 2025 | 7 replies
Demand termination of the contract and transfer all documents, funds, keys, and anything else they have to you or the new PM no later than [DATE].
Andrew Katz
What year do I count income for?
15 January 2025 | 9 replies
And people think Ai is going to replace accountants.one can argue that apartments.com is just a processing the payment and not actually holding the funds to transfer out.If apartments.com all of a sudden reverses the payment for insufficient funds?
Carl Rowles
Rehab Financing Strategy Help
19 January 2025 | 10 replies
A minority of 401k providers will let you transfer the loan to a new provider, but I have yet to experience that option with any 401k I have had.
William Stewart
Liability Insurance for room rental
30 December 2024 | 11 replies
I was insured through NREIG when it was a single rental to one family but now since I have transferred to room they dropped me.
Gregory Chadwell
Anyone use APPFOLIO?
7 January 2025 | 6 replies
I'll looking forward to your immediate response.Please resolve this issue ASAP, our tenants have already submitted the rental payment to your Appfolio account $49,987.00(attached report), however it is NOT showing this amount in your account at all, not even mention transfer the fund to our BOA account.
Jessica Medvec
Is “cash only” really cash?
29 December 2024 | 9 replies
With actual cash, you just transfer it. yes, but you can still bid with lender approval - without appraisal contingency - you send in deal (app), it gets approved by lender its functionally the same as cash (except in true lightning speed situations where there is a quick auction with little time to prep but thats generally pretty rare I'd think)Right, but that's not cash or functionally the same as cash because the lender can change the terms at the last minute, as often happens with less experienced hard money lenders.
Gene D Stephens
Experience with Adverse Possession?
30 December 2024 | 7 replies
Completing AP requires the other party to file a suit in court during which the judge determines that the case has merits, and ultimately transfers the property to the filer.
Kylie A.
Best Business Bank Account For Real Estate Investor
28 December 2024 | 13 replies
Hi Kylie,I definitely know that finding the right business bank account can be challenging, but here are a few suggestions based on your what you've told us:For Wire Transfers: Consider Mercury Bank or Novo.