I've always planned on needing to pay the first position, in full, and immediately after the end of the redemption period, as that when title transfers. 

I own the new property 100%, but need to get the ownership of the townhome in question deeded over to my LLC. 

I’ve heard of investors stepping in right now and taking ownership of homes that are in forbearance and headed for foreclosure.

Hello BP,I am currently in the process of transferring my first multi-family property into an LLC.

I understand it can take 1-3 days to verify a bank account before the tenant can use the ACH transfer payment method.The previous property manager provided me their phone number but they didn't have their email.

We'd like to:- Transfer the ownership of the duplex from our 4 personal names, to our LLC.Problem:Per our loan's "due on sale clause" (listed below) - The bank considers this transfer of ownership a sale.

I have owned rentals in 14 states  and Vegas is NOT tenant friendly it totally favors landlords its one of the best in that regard. when I factor in all the cost of Ownership  VS rent I find I can buy a 300k SFR in Vegas that rents for 2200 dollars and it out performs almost anything i owned in the so called cash flow markets.. 

We can debate whether it takes 10,000 hours for real estate business, but I think everybody gets the point.However, in my opinion, real estate is also different from other business in the sense that it has a special status, due to the fact that the government wants to encourage home ownership, and consequently sets up all kinds of programs (Fannie and Freddie, tax deduction, etc.) to make it easier and cheaper to buy houses.

@Luke Eckert1) If you sell the property - expect to pay around 8% of the property value in costs(realtor costs, transfer taxes, title work costs, etc.2) If you are waiting 2 years for section 121 exclusion - Make sure the wait is worth it. 

Transfer my Hard Money Loan into a Cash-Out Refinance now.