Thank You If you have a loan on the property currently, most DSCR lenders can close after 90 days of ownership.

Sounds like your property is either being poorly marketed.Or you are overpriced and are letting your ownership bias blind you to that.

Remember, while these loans are based on potential income from the property, your employment and personal income will still be factors in the lender's decision.Regarding switching the property to an LLC for liability protection, a quitclaim deed can transfer ownership, but it's important to check with your mortgage company first.

That is the best track for agents who are veterans because you will understand more about buying when deployed and the transient nature of ownership if you are still in so this is smart.

Taxes will most likely go up with the change of ownership.- My experience with multi family is there are a lot of "extra" expenses.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Could help you afford a larger/nicer property while still giving you a clean living/ownership structure.

Only going to continue to get worse with the digitization of things like notaries, etc.Pace + his team recently organized a Zoom meeting with the Attorney Generals of Utah and California where they discussed some of the new big scams in the world of real estate...One of the biggest things they are seeing is people falsifying ownership of raw land and listing on MLS for big discounts WITH RE AGENTS and then selling as if they own the land.Title closes, money is transferred, then the cash disappears into offshore accounts.

This approach will allow us to increase occupancy while minimizing additional expenditures and ensure a better overall condition for prospective tenants.Strategic Plan: Sale of the x ApartmentsOnce the sale of the x Apartments is complete, we will retain ownership of 7 units within our portfolio.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊