Corey Dexter
Private lender real deal or no deal
20 February 2019 | 9 replies
The account manager did not bring the paperwork we signed to transfer the funds which caused a fee of $6000.
Monica Young
Should I use a 401K loan as a down payment for a rental property?
16 March 2017 | 19 replies
He considered it as an asset transfer from one asset type to another.The loan payment did not count as part of my DTI.
Nate Bartow
Seller financed down payment
15 January 2021 | 39 replies
Also, you can manage that LLC, be paid, earn your way in over time, but if you remove that seller from the LLC entirely as the owner of that property and the loan is made to the LLC and that "seller" a beneficial interest has been transferred and the lender may call your loan due, the "seller" needs to be in the LLC, but doesn't have to be active.Refinancing is a different animal than buying, the LTV for a cash out refi will be lower, 70/60 maybe 50% with a bank, if they will do it at all.
Shawn Prushinski
How to Purchase property that is currently in a trust
12 October 2023 | 5 replies
The Trustee can either sell the real property as the Trustee and deposit the sale proceeds into a trust account or transfer the title to themselves (as beneficiary) and then sell it.An irrevocable trust, on the other hand, cannot be amended or revoked by the grantor without the consent of the beneficiaries.
Matthew Reichert
Private lender asking for "insurance" fee before lending?
2 August 2019 | 7 replies
He claims I need to pay some sort of "loan insurance" fee before transfer of funds to me.
Carlos C.
Rent payments cash flow....
26 September 2019 | 6 replies
Hi to all, Im planning on opening a Wyoming LLC as a holding company, then open an LLC for each rental that we have in Kansas and Missouri.I read several articles and would like input on the way rental payments should flow from the tenants to me.1- The tenant deposits rent in the account of the LLC that owns the RE property.2- The rent money is transfer to an account in the name of the Wyoming holding LLC3- Any money that I need to pay for personal expenses is transfer from the Holding LLC account to my personal account.Question:1- Do I need to move money to the holding company... then to my personal account.. or can I move it from the Rental account to my personal account?
Jacob Beg
Seller refusing to handover Insurance settlement check
11 March 2022 | 6 replies
If you have a decent REALTOR working for you, they should be all over this.I would give a written demand that the insurance money be used to make the repair or that Seller transfer the funds at closing so you can make the repair.
Zack Welch
How much money should I set aside for maintenance?
16 August 2020 | 5 replies
We transfer our repair and maintenance allowance from our operating account every month into a separate account..
Brock Fica
New Invester from Colorado Springs in USARMY
28 September 2021 | 9 replies
I have been in the Army for two years and am currently looking at transferring to the Space Force, so I very well could be moving around.