Jacob Weaver
Leasehold Estate with Lease Option
8 October 2015 | 6 replies
Here are exemptions to Due on Sale(d) Exemption of specified transfers or dispositions With respect to a real property loan secured by a lien on residential real property containing less than five dwelling units, including a lien on the stock allocated to a dwelling unit in a cooperative housing corporation, or on a residential manufactured home, a lender may not exercise its option pursuant to a due-on-sale clause upon— (1) the creation of a lien or other encumbrance subordinate to the lender’s security instrument which does not relate to a transfer of rights of occupancy in the property; (2) the creation of a purchase money security interest for household appliances; (3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety; (4) the granting of a leasehold interest of three years or less not containing an option to purchase; (5) a transfer to a relative resulting from the death of a borrower; (6) a transfer where the spouse or children of the borrower become an owner of the property; (7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property; (8) a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or (9) any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.
Nicole Carey
Does seller want to sell?
9 October 2015 | 8 replies
The realtor will be motivated to work with you
James Hardy
New investor in Tax Lien Properties in alabama
8 October 2015 | 2 replies
He will also pay 12% interest on $15,000 of the overbid (15% of the tax appraisal) and no interest on the remaining $4,000.There are some post-tax sale possession issues that everybody should know.Good luck!
Mark Jager
New investor from Jenison/Grand Rapids, Michigan
9 October 2015 | 14 replies
I've been a software developer for 17 years specializing in Microsoft technologies and have my BS degree in Information Systems. 15 years ago I started learning about RE investing from a co worker that was embarking on this journey, and I read books like Rich Dad Poor Dad, Cashflow Quandrant, Total Money Makeover, How to Win Friends and Influence People, and other various "motivational/self-help books".
Stephen Rodriguez
Hello from South Florida!
8 October 2015 | 9 replies
Here's something for you to consider - don't worry, this isn't a sales pitch (my company doesn't lend in Florida, so there's no ulterior motive in my sharing this with you):You may want to look at the option of purchasing a multi-unit property (let's say a fourplex) and financing it with an FHA loan.
Steve Miller
Valuations based on actual vs projected rents
9 January 2017 | 7 replies
You may have X dollars generated today, that doesn't mean that level of income will remain the same or increase over time.
Raul Otano
Deltona wholesaler
9 October 2015 | 2 replies
Hello BPSoon to be marketing for motivated sellers in Volusia county.
Jarone Price
Where to find Cash Buyers Online
10 October 2015 | 3 replies
Hi my name is JaroneAnd I am a novice beginner in Realestate Wholesaling I do not have a problem finding motivated sellers I have about 5 properties under Contract now my problem is finding Real Cash Buyers not tire kickers off of cragslist.
Jonica Miller
Fortune Builders?
13 June 2016 | 23 replies
I was impressed that they were smart enough to do that, even if the motives could be questioned.After the initial "conditioning", the presenter started to get into the meat of things (Jeremy).