Always use a warranty deed to avoid any issues with the tittle insurance when transferring tittle.Also, Ive recently learned Fannie Mae allows transfer of tittle to an LLC without accelerating the note...Fannie updated their servicing guide to state:Unless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer:· A transfer of the property to a limited liability company (LLC), provided that § the mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).

Actual Lenders Title Insurance states;CONTINUATION OF INSURANCEThe coverage of this policy shall continue in force as of Date of Policy in favor of an Insured after acquisition of the Title by an Insured or after conveyance by an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.

Hi Everyone, I'm looking to create some handout materials for my real estate portfolio to give out to lenders (local banks, private money/hard money ) as well as any other industry professional I want to initiate a re...

I say if the tenant damaged it, it should come out of their security deposit.

I am also a lawyer so secured notes don't scare me either as long as they are local, because I can foreclose on my own liens and I'll end up making more money in attorney fees than my original payout.

I believe I can be able to service your needs with a more competitive rate and help secure a better rate on your ROI, if you would like we could chat, go over your needs and see if I can add value to your situation and hopefully save you some money compared to what you will be paying a property management company. 

Your security to being paid back is a second lien.

I already have experience managing properties and I’ve been learning a lot about renovations (I just can’t do most of the work right now due to the pregnancy), so I’m trying to find the best route for me now while also securing a little home for my little family.

Higher returns (typically) than say a note (whole package deal) versus a rehab flipper who is doing it hands on and basically has a job.  

I can bring capital to the deal, partners and then a combination of loans/hard money to secure the property and start the rehab.