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11 December 2021 | 6 replies
Can you transfer to a Solo 401k or SDIRA?
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7 January 2022 | 5 replies
In a short sale or Deed in Lieu, however, the liens have to be addressed & dealt with in some way during the transaction.Do a title search and clear all of the liens by having the borrower clear them before your transaction or get the lien amounts credited to you so you can pay them off post transaction.We generally pay the full amount of the net cash for keys amount when the borrower vacates the property & leaves it in broom swept condition.Yesterday, we were surprised when a town refused to provide the transfer stamp, which we needed in order to record the Deed.
4 December 2021 | 35 replies
If they knew of damage, it would be in a transfer disclosure statement or seller property questionnaire.
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8 January 2022 | 10 replies
Most of the work is basically e-mails and web searching, sometimes you need a zoom or a call with a lawyer, servicer, realtor etc. and that can be done even with the time differences.
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27 December 2021 | 13 replies
@Andrew P. 1) as 2022 is almost here - consider completing and filing the 2021 tax returns asap and consider having the schedule E for the rental income show as much of a positive net income as possible ...this might increase your tax exposure for the year but if the result is that you will be able to line up a HELOC on your primary property , it could be worth it 2) a traditional cash out refinance will have the same issue of using the tax returns for the qualifying ratios - the LTV ( loan to value ) for a OO triplex isnt very high 3) recent FED announcement - 3 seperate .25% increases expected for fed rate in 2022 - this means HELOC / prime rate will increase by the same amount when these increases occur
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8 December 2021 | 14 replies
I find it very interesting you took the time to look after these guys and you wrote an e-mail questioning them, which I really appreciate a lot!!
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8 December 2021 | 4 replies
Can anyone refer me to resource where I can get a MI purchase agreement that can be sent and e-singed?
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4 December 2021 | 6 replies
All utilities that can be transferred are transferred before the tenant gets the keys.
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4 December 2021 | 2 replies
If this is the case, then do an inspection to verify it is vacant and in good condition prior to any money changing hands.Make sure the security deposits and prorated rents are transferred to you.
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3 December 2021 | 0 replies
Is there a specific contract too aquair, so a investor may get a proprty agreement for the purpose of Transferring it to another investor for a finders fee.