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28 July 2019 | 20 replies
I have a few exit strategies, IF the Due On Sale clause is triggered and I've also explained that to the owner as well.Also, I mentioned it in another post somewhere above, but I will be contacting the Lender to let them know of the current situation (through a signed Authorization Letter).
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20 August 2019 | 5 replies
I would def get with a realtor and set up some alerts if you are serious about pulling the trigger quickly, as this is normally what it takes to buy a property that makes sense in Naperville.
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11 May 2021 | 37 replies
There's a pretty active scene in Austin, harder for landlord compliance in general though.
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30 July 2019 | 4 replies
If you attempt a direct property transfer from your name into an LLC for the liability protection it will potentially trigger the due-on-sale clause.
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30 July 2019 | 11 replies
@Oren PfeffermannGreat info definitely appreciate it, i don’t have “an area” just yet because this is all pre-investment just to get the most info possible before I pull the trigger.
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30 July 2019 | 13 replies
Do your best to research and plan out your best course of action before pulling the trigger.
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18 August 2019 | 6 replies
@Imran Ahmed - you could transfer it later, but it negates all liability protection as you bought it in your personal name therefor "pierced the veil" of liability protection, additionally it can trigger the due on sale clause of your loan, since you do not personally own the property, which will make the balance of your loan due in 30 days.
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31 July 2019 | 52 replies
I'd still try to provide an off ramp for them in my response, but I'd definitely make it clear that I'm prepared to go to the mat to enforce compliance of a signed, valid lease.
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30 July 2019 | 6 replies
If you are doing a mailer to purchase homes cash and are a licensed real estate agent what disclosures/or wording do you use to make sure you are in compliance?
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29 July 2019 | 7 replies
Found a place where the numbers were there but just too many problems between sketchy neighbors and the age of the house to pull the trigger.