Welcome David - It's good to see an experienced Investor who has benefited from a generational transfer of wealth (capital and knowledge) and who continues to build on that legacy.

In order to do that we also had to change ownership out of the LLC to the individual partners on the properties and agree to a stipulation that the properties would not be transferred back to the LLC with the understanding that if we did the loans could be called due.

If it's a same day A to B, B to C transfer the going rate for transactional funding is around 2% plus admin fees.

Are you subject to 10% withholding tax when transferring between titles between individual name and LLC?

Let's say credit limit on the card is $5k and current balance $4.5K this is affecting your score; let's say you have another credit card with $3K credit but balance of $100; score wizard could come back with something like this: transfer $1k from card one to card two and reduce balance on first card to $1800 possible point gain +30 using rapid re-score.

I suggest you include a non-disclosure agreement in the sale and a period whereby the seller assists you in the transfer of management.

So now I have to go to Joliet , Aurora , and then I took the wife and kid down to Louisville, Ky for a weekend trip to have the other two siblings sign the paperwork, I didn't want to chance anything being messed up.I got everything all signed on Saturday and set the closing for today at 3pm, I had all my paperwork in orde,r paid the transfer tax and final water bill yesterday.

If your gross rents are currently less than 3x your P&I in aggregate currently, then in my view you are very tight on cash flow (and preferably 3.5x) and not in good position to weather adversity.With 29 properties, all the debt introduces alot of financial risk, where circumstances cause a large drop in market rents and/or high vacancies across the board, and the problem could overwhelm the ability of your non-RE income to bail you out.Also, if your liquid reserves are less than 6 mths P&I on all your loans, then likewise you need to shore that up.If you can create some free & clear properties by paying off the mortgages, you also have the benefit of being able to transfer them to an LLC to potentially provide some shielding from creditors if problems ever occur in the leveraged portfolio.

Can I offer less than what they owe and have a lender transfer the remaining owed into a new loan?

Once we have agreed upon the terms, the Joint Venture Agreement is signed, funds are transferred into a set up joint money market account.