You made a very wise choice by joining this outstanding community.

Transfer of property from your partner individually to the LLC will almost certainly trigger the due on sale clause for the mortgage and could result in an acceleration of the outstanding balance owed.

He has many outstanding achievements to his credit.

Its things like I just mentioned that show up in your mailbox as expensive change orders that will suck the profit, and more, out of your project.One bit of advice to anyone purchasing a property for any reason: go to the jurisdiction's Building Office, or online if you can, and find out if there are any outstanding issues with the property.

Meet with the tenant and hit the reset button where you waive the 250 outstanding but the tenant signs an affidavit saying the water problem has been fixed by the landlord and tenant is fully responsible for future water bills.You do not want the tenant to keep coming back to this again and again as an excuse.

@Matt Hoyt Can you comment on who was your lender for non recourse and what was the outstanding mortgage balance?

I'm a small-time tax lien investor and am looking for recommendations of companies who can provide a service of pulling real estate reports to further research things like:Property tax liens (to include subtax)ForeclosureIRS liensCity liens / mechanic liensAnd any other liens that might be currently outstanding against the property.CoreLogic has their RealQuest platform which can provide the above but unfortunately they are asking for a 12 month commitment at $150 / month (one report per month).

HI Stephanie,I think you may have mixed a bunch of guidelines together so I will keep them separate:- rate/term refinance as opposed to a cash out refinance is designed only to payoff the current outstanding lien the borrower will get nothing over $2,000 or 2% of the loan amount whichever is less.

@Wenhao Leu You will not be able to get a conventional mortgage loan with an outstanding Judgement on your credit report.

Maybe we could 3 whole more people to come and make our group an outstanding group of 6 people.