Kelsey Monell
How to Refinance in LLC
18 March 2020 | 3 replies
I have heard it is a very common tactic to refinance into a personal name, and then move the loan under the LLC name, and while there is almost always an acceleration clause involved in a mortgage, they are rarely called due, because the lenders only care or are even alerted when the mortgage goes into default.
Ikenna Okoye
House hack landlord protection
17 March 2020 | 2 replies
I have looked into "corporate" umbrella policies, but those have tended to be overly expensive in my findings.One thing you can do is require all of your tenants to purchase their own renters policy, and that will help cover most common things.And jumping ahead to an LLC, buying the property personally is going to be your best bet, since you are living there.
Scott Trench
Act Now or Wait? IF Under Contract - Close, or Back Out?
19 March 2020 | 41 replies
We do need to be mindful and I believe that the elderly and immune compromised need to be isolated but not the young and healthy who respond in a similar fashion to the common flu.
Gene Baldwin
What to do if a tenant tests positive for Covid 19
17 March 2020 | 4 replies
If they did tell you, in a MFH setup where there were any common areas I think you would have the responsibility of notifying your local health department and letting them assist from there.
Conor Kelly
Using borrowed money as a down payment?
4 May 2020 | 11 replies
Technically I am borrowing that money from one, to pay for the other, which is a very common scenario.If you have most, but not all, of the down payment, could you get a mortgage at a higher LTV?
Ralph Lauren
30y/o 9-5er looking to learn RE investing
25 March 2020 | 5 replies
That would be a great place to start with a common background.
Alexander Vest
Help! Looking into forming LLC for my rentals.
19 March 2020 | 8 replies
I'm pretty sure that this clause is common in almost all mortgages, so I would double check on that before transferring any titles.Good luck!
Billy White
Protest Taxes on rental properties
18 March 2020 | 5 replies
I know in Cincinnati, the auditor's office has a specific form that needs completed to contest taxes and even offers specific evidence you can use to contest them.The easiest way in my experience is if you just bought the property for less than the assessed value, that is your evidence, since it was a recent arms length transaction.Alternatively, hiring an appraiser and full appraisal report is commonly accepted.
Jean-Luc Lacosse
Is it a bad time to become a real estate agent?
18 March 2020 | 2 replies
RE Agents only get paid if a deal closes so 'fear' is a very common reaction during times like this.2.