Cristal Ochoa
PennyMac Loan Transfer to LLC
7 January 2025 | 5 replies
What I've seen is that when asked to provide an assurance that a loan wouldn't be called because of a due on sale clause being triggered, the lender customer service typically just outright says it's not allowed, or default to a "no", because they see it as a black and white question, and miss why the due on sale clause is actually written into the mortgage document to begin with.If one is transferring property title from personal name, a Grant/Warranty Deed would be drafted/recorded to transfer title.
Brian Rocha
Any experience with HMLs for the purchase only?
10 January 2025 | 21 replies
We have done it both ways where we fund purchase and they cover rehab but if the individual is less experienced we do not do it that way, we have them put more money into the deal from the start and fund the draws, reason why is we also had a deal where the person said they would do this and never did anything and property sat and loan matured and it was a pain.Just recognize you will still not get 100% financing for the purchase, so you are putting money in up front.
Robert Bishop
I am 16 trying to get into real estate and have 200k
10 January 2025 | 28 replies
I cold call and go direct to the seller and I have a 3 person team that pretty much just calls all day long for me.
Kimberly Pittman
Rental Property Newbie
9 January 2025 | 6 replies
It started with really buying my own personal home, then selling and making a small profit.
Devin James
There's always a reason not to invest... Start today
7 January 2025 | 5 replies
I personally learned I enjoy local investing in residential properties.
Sofia De Santos Tavarez
Should an investment property lease have the personal name or the LLC as the landlord
23 December 2024 | 5 replies
Hi, my husband and I are new to real estate investing and have a property we are renting out to tenants. We recently put the house under an LLC but are not sure if the lease should reflect the LLC as the landlord or k...
Erika Andersen
Advice on working with a home buyer's RE agent using an hourly rate?
2 February 2025 | 16 replies
I would be fine with a $10k non-refundable retainer and $500/hr. personally.
Youssef Pullman
Dallas , Houston market insight
9 January 2025 | 2 replies
I personally invest in the North Dallas area (Prosper/Celina) where there is lots of growth in homes with nice lots.
Ronit Lodd
Best Property Management Software to Scale to 10+ STR Listings? + Direct Bookings
26 January 2025 | 13 replies
It's a matter of finding the one where the weaknesses are in areas that aren't relevant to your needs and/or don't aggravate your personal pet peeves.
Jeffrey Farkas
2nd lien foreclosure
17 January 2025 | 5 replies
If a property goes into foreclosure on a second, as Ken said you will either be buying it subject to the first mortgage - meaning it's your mortgage now - or the first has to be satisfied to take possession of the property - or the owner of the first is going to be there bidding what they are owed, so you would need to outbid them to get the property and then you are the person paying off the first mortgage.