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20 May 2024 | 88 replies
So you can decide whether due-on-sale is a big enough risk to make it worth getting a more expensive commercial loan like you have been, or keeping the property title in your personal name.As with a trust, lenders do not exercise the "due on transfer/sale" clause when real property is transferred to the same individuals in an official capacity (i.e.
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16 May 2024 | 6 replies
They want to sell the notes at par (even ones closed 2 years ago at 8% vs 15% today) which makes it even harder for me to do without the put option, but my thoughts are that they already have the sales channel in place & have already sold that piece of land before, so it is overall a net gain if they sell it.I hadnt considered the extra complexity & especially liquidity from their perspective & needing to account for it, so that is a good point.
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16 May 2024 | 5 replies
I used this Youtube channel to learn how to create floorplans.
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16 May 2024 | 7 replies
Do 'cash for keys' offers have to come as an official letter from the PM?
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16 May 2024 | 20 replies
@Brian Adams, thanks for sharing these YouTube channels—they look like excellent resources!
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16 May 2024 | 5 replies
Lastly, if they indeed turn out to be giving me the run around I have already started the official notice and eviction process and do not have to start over.
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16 May 2024 | 14 replies
This document officially releases the property from the lien created by the Deed of Trust, and the borrower regains full ownership of the property.It's important to note that the specific terms and legal requirements for Deeds of Trust can vary, and it's advisable to consult with an attorney or a real estate professional in Texas to ensure that all aspects of the transaction are properly handled and in compliance with state and local laws.
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15 May 2024 | 22 replies
The house was rehabbed and ready to go 3 weeks ago but the PM says they're still waiting on the "rental inspection" and can't officially list the property for rent until this is done.
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15 May 2024 | 2 replies
Getting the official legal advice in writing from an attorney rather than a CPA, since they are officers of the law, can give you greater protection than just advice from a CPA.
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16 May 2024 | 13 replies
(The YouTube Channel is easy to find as it's just my name.)