Carter Mayberry
How to refinance an FHA BRRR
20 October 2024 | 3 replies
If you plan to do this, best to tell your lender so they can document that you own the LLC so title stays the same.
Sheldon Alex
Analyzing a Flip That Has Multiple Costs
21 October 2024 | 0 replies
Before I looked at the deal, here's what I asked from him:The purchase and sale agreementRehab breakdown documentation2 HUD statements of previous dealsDeal info (Property profile, funding, security, repayment plan, etc.)Title company involved in the transactionWhat I also asked for was a term sheet from the hard money lender that was lending at first position.
Sandor Lau
Seeking Creative Finance Disposition Help for SFR in Mesquite, TX
22 October 2024 | 7 replies
Potential vendors include DFW Property Management Group, Pride Street Realty, Quest Trust Company, and Westar Title Company.Good luck!
Emmanuel Okelola
Starting out in central Florida
22 October 2024 | 7 replies
But you need to learn all about landlord/tenant laws, how to do basic repairs, know what average labor and material costs are for common projects. learn about payment systems, how to interview property managers, tenants and handyman services, build a team of realtors, contractors, title, hard/private money lenders, inspectors, appraisers and soooo much more.
Andrew Burrell
LLC Creation Advice
14 October 2024 | 9 replies
Can’t they also review the deed in which you transfer title from your name to the LLC for a nominal amount which similarly is a recorded instrument and is a telltale sign the owner has changed in title only?
John Divine
Curious about purchase option agreements
19 October 2024 | 2 replies
The options I purchased were all for 12 months or less, and I recorded them to put on notice anyone , especially a title company, thinking of purchasing the property during my option period.
Ardin Cychosz
Seller is willing to use creative financing to structure a deal with me?
19 October 2024 | 7 replies
You have to figure out a few things like seller buy out strategy, Cash out stoppage on a refinance if not on title, balloon, buy out clause, time frame in whic he/she wants to be paid or removed form title.
Martin Tirmenstein
Deal is falling apart, advice on Affidavit of Memorandum
20 October 2024 | 3 replies
I still have equitable interest in the property, by virtue that I've deposited $4500 to the title company.
Sanil Subhash Chandra Bose
Simple Guide to Conducting a Title Search: DIY Before Hiring a Title Company
11 October 2024 | 7 replies
The goal is to give you a practical way to shortlist properties before bringing in a title company.Why Start with a DIY Title Search?
John Morgan
Anyone do a rent/lease to own?
21 October 2024 | 9 replies
MIGHT.For anything else, use the full owner finance scenario: deed, promissory note, deed of trust...Close at a title companyUse an RMLO and loan servicerNo balloon earlier than 60 months (not recommended at all)Sales price = licensed appraisal (MAX).