Hello BP Community, I've read enough great opinions on REI strategies here in the Texas forum to fill the Library of Congress. Y'all are truly the best.This is a "Put Yourself in my Shoes" post... Imagine you're new t...

I have a question about transferring a lease from a property manager to myself.

I have a question about transferring a lease from a property manager to myself.

But still account for PM as 2-5 years from now when you have multiple properties you will at some point have to transfer your responsibilities to property management.

Wholesale is a term that relates to value whereas assigning is a strategy to transfer one's rights in a contract.

If you want to try your luck and attempt the transfer, do it without telling the bank but you will likely be at risk for the DOS clause. 

He said this would not be problem and that I would just have to pay the capital gain taxes whenever I transferred the money to my personal account.

Do you go through a closing process to transfer the title or just pay the seller monthly as agreed upon in a contract you would draft up?

Now, under all public records Ive come across, including propertyshark, the title was transferred for 37k.

Here is a summary with a few revisions and my addition: With investment loans its a min of 25% down (not 20%).You can take out loans in your name if your income (W2/1099 + rental) supports it.Another option is to buy rental property with a conventional mortgage in your name and after closing transfer the title to a business name.