Option 1:Pros:Simplicity: You avoid the potential complications of alerting the lender.Maintains Low-Interest Rate: Since your loan is at 3%, you continue benefiting from this favorable rate.Avoids Immediate Full Payment: You won’t be forced to come up with $45k immediately.Cons:Risk of Detection: If the lender identifies the payments coming from an LLC, they might call the loan due.Potential Consequences: If the lender enforces the due on sale clause, you might be forced to pay the remaining loan balance quickly.Option 2:Pros:Transparency: Being upfront might build trust with the lender.Possible Flexibility: Given your solid payment history, the lender might agree to the arrangement.Legal Compliance: You avoid any potential issues with violating the terms of your mortgage agreement.Cons:Risk of Loan Acceleration: The lender could still decide to call the loan due, forcing you to pay the remaining balance.Potential for Higher Payments: If forced to refinance, you might end up with a higher interest rate.Given the pros and cons of each option, but a cautious approach might be best:Consult a Real Estate Attorney: This can give you a clear understanding of your legal standing and potential risks.Evaluate the Importance of the 3% Rate: Weigh the benefits of keeping your low-interest rate against the risks of potentially having to pay off the loan early.Consider a Gradual Transition: This method allows you to continue benefiting from the low-interest rate while reducing the risk of triggering the due on sale clause.

Hi everyone,Just wanted to introduce myself. I live central New Jersey and am under contract for my first duplex. I have been interested in real estate for a few years now and decided to finally pull the trigger. My p...

Mine doesn't, and as long as the dog doesn't have a bite history then im ok to rent to anyone with any breed.

The proposal includes plans for for more than 1,000 residential units at the north side of the project consisting of 122 single-family homes of various building types, 786 multifamily units and 153 carriage house apartments.

Hey there BiggerPockets family!

I’m looking to buy a multi family property in Chicago, more specific in East Garfield Park 60624.

Investment Info:Small multi-family (2-4 units) other investment.

Investment Info:Single-family residence wholesale investment.

Investment Info:Single-family residence fix & flip investment.

Flips are good, but you definitely want to know what you are doing, if you can find a duplex that fits your family and needs work you could get the experience fixing it up and making it really nice for your family.