I am prospecting in MD and the settlement costs just for transfer and recording fees seem very high.Thank you for sharing your expertise.

Based on that you have two completely different approaches, if it is a former it really comes down simply to income you and your partners have and a 25% down payment (assuming you are not going to live there) for a conventional agency loan (FNMA/Freddie) and you will have to put it in your names as no mortgage banker will finance an LLC/LP (there are ways to get around it after you buy it in your name and transfer into an LLC without triggering a due on sale clause but that is a different conversation).If you are talking about a multifamily loan, you can get a down payment for as low as 15% for certain product types (like FHA multifamily) but you would need a loan amount of about $2 million for most lenders.

What has helped me to this point feel more confident is... networking- starting to meet people in the industry like other flippers, investors, realtors, contractors, etc...

I found out Zelle has limits on how much you can transfer.

Also don't forget that if there are security deposits held by the seller, those should transfer to you at closing.Good luck!

It sounds like you figured it out but normally the path of least resistance is just to call the city’s building department and talk to them, then ask them transfer you to the zoning department and have a conversation with them.

The lender will not provide you with any information since the buyer's loan, details of their loan application, outstanding conditions, etc is all confidential information, and not even shared with their own agent.

Hi, Dear All
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We later quit claimed the properties to our LLC in order to transfer the ownership.

Example: A veteran living in a home purchased with a VA loan is transferred to a duty station overseas.