
1 May 2022 | 24 replies
Granted that doesn't always happen someone might believe that they've been taken advantage of BUT if you know that you've worked to coordinate things for the benefit of all and you close, you have a good/great deal.

8 January 2023 | 8 replies
This turns out to be majority of the work that I do-- Pay utility bills and mortgage monthly-- Property tax payment (if not escrowed), city trash collection fees (once or twice a year)-- Coordinate annual maintenance of sprinkler system certifications and fire alarm monitoring contracts-- Review owner statements from prop mgmt. company every month to identify inflated or incorrect charges.

3 January 2023 | 15 replies
I just need permission to transfer back to a land trust after closing.

4 September 2022 | 10 replies
Just sounds like planning for a lot of cash transfers to me.You don't report them separately on your taxes, and there's plenty of budgeting/tracking software to keep the per-property data separate.

2 September 2022 | 7 replies
You need the money in a checking account in prior months sitting there you cannot have recently transferred funds without a trail or history (Patriot Act).

23 May 2020 | 57 replies
I pulled out about 62k and it was transferred into my bank account the next day.

26 May 2020 | 1 reply
It is my understanding that portfolio lenders are typically more comfortable lending to investors inside an LLC.I know many other investors have bought properties in their own name to get favorable financing and then performed a quitclaim deed in order to transfer ownership to the LLC.

8 April 2020 | 2 replies
You can also hire a local real estate agent who specializes in rentals to do the lease up portion of things for you while you focus on just coordinating with contractors for turn over.

13 April 2020 | 3 replies
Just be aware you will have to release each condo unit from the note etc... and coordinate payoffs with the lender. 8 condo units isn't a lot though...Hope this helps some

22 April 2020 | 27 replies
Creative things sellers can do sell their house-Seller contributions-seller funded permanent buy down-seller funded temporary buydown-owner financing-contract for deed-seller second-lease option and lease purchase-wraparound and assumable mortgageTwo: creative things buyers can do to purchase a home-gift funding-selling and refinancing existing assets-nonoccupant co-borrowers-using a 401(k)-temporary IRA transfer-pledged asset mortgage-equity transfer and bridge loan-employer assisted mortgageThree: creative things lenders can do to finance a transaction:-lender funded buydown-Fannie Mae's my community mortgage-running scenarios with automated underwriting systems-adjusting amortization period to lower payment-adjusting interest rates to cover closing costs-state, province, and local grant or bond programs-mortgage credit certificate-private lendingAll the three players above, the seller, buyer, and lender, can bring creative solutions to the table to get a house sold." end quoteMost brokers don't know these either, or know them and don't inform - teach their agents.This is through my direct experience.