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7 January 2020 | 6 replies
Most loans today have a “Due on Sale” clause written into them where, if the property is transferred from the owner to another party, the lender can “call the loan”, meaning require the balance to be paid in full immediately.
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21 January 2020 | 13 replies
The poster said he was going to start an LLC to get a bank loan because he didn't know anyone that did hard moneyYou are correct, thank you for pointing that out, I somehow misread the post and I’m even wearing my reading glasses so I have no excuse.With that info, @Bryan Devitt is correct, you will have a very difficult time getting a bank loan to your newly formed entity n which case you will need to buy in your personal name and then transfer title to your new entity which will require a few other tasks too.
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30 January 2020 | 4 replies
Should we transfer the property into the LLC and then open the account/HELOC?
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11 February 2020 | 11 replies
I have a confidential list of lenders that I use for pricing on scenarios.
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11 February 2020 | 9 replies
The big reason that it doesn't make sense is because there are other houses out there with better returns where the buyer wouldn't have to deal with getting internet, utilities, etc all transferred over just to turn-around have to do a make-ready and re-lease it in under 3 months.
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26 February 2020 | 5 replies
There is a moving clause where they would remove the system for free or transfer to the new owner.
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28 February 2020 | 60 replies
These laws are unconstitutional forced transfers of ownership rights from landlords to tenants.
12 March 2020 | 4 replies
Either agreement will need to clearly spell out the rights and obligations of the partners/members, and include terms for transfers of interests, dissolution, and selling the property, among other terms.
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23 February 2020 | 1 reply
Will I be able to transfer the property into an LLC with an open HELOC?