Chris Lee
Buying an unwanted tenant occupied single family home
22 August 2024 | 3 replies
It usually starts with a notice being posted, so get that done asap to 'start the clock'.Keep in mind you should receive their security deposit as a transfer from the previous landlord as a part of closing, so that will at least compensate you somewhat for the lost income if they haven't trashed the place and such.One other set of questions would be - do you want them to leave?
Dan Sheeks
Subject to question
21 August 2024 | 3 replies
HOWEVER if you are Trying to ACQUIRE the property and the borrower on the Note is now deceased - the ONE Big question (among others) is How do you get marketable and insurable TITLE Transferred over to you SUBJECT 2 that existing debt?
Keith Cuddeback
Is it possible to find out a seller's mortgage balance?
23 August 2024 | 22 replies
@Keith CuddebackIn addition to the methods already mentioned for finding the outstanding loan balance of the primary mortgage, you'll also likely want to determine if there are any other loans/liens attached to the property that the seller will need to cover/pay off before they could transfer title to you.
Ben Freed
Building new for STR: Unique property strategy help
22 August 2024 | 9 replies
Furthermore the local experts can confirm the following: (1) the use is allowed, (2) the use requirements can be protected by permitting and licensing and (3) the permissions are transferable through a sale.
Dawit Wo
DSCR - Loan Terms
20 August 2024 | 16 replies
Appraisal transfers are pretty easy with the program I've got in mind.
Luis Herna
Can some one tell me what things can be done to overcome Due On Sale Clause?
20 August 2024 | 45 replies
(aside it's not fraud or misrepresentation when the transfer was made)
Christian Nachtrieb
Complicated 1031 Due to Property Being Held in LLC
20 August 2024 | 4 replies
Since your Boston condo is in an LLC, transferring the title to your personal name to satisfy the lender could potentially trigger tax issues or disqualify the exchange.
Kyle Weinapple
LLC or not? If so, which LLC option is best?
19 August 2024 | 13 replies
I just want to confirm, I am not opposed to LLC's and have them, but 99% of people set them up wrong by first buying a proeprty, having a loan on it, then just transferring it to the LLC.
Courtney Nguyen
Cost of doing annual roof inspection/maintenance on commercial building (retails)?
20 August 2024 | 19 replies
Typically when a purchaser buys a center there is roof warranty that transfers to the new buyer.
Andrew Postell
How To: Cash out 1-4 unit Property
20 August 2024 | 452 replies
No money needs to transfer or anything like that.