Hello bigger pocket Family,i am starting to buy houses in boston and North shore area to fix and flip, Does anyone know of a General contractor in the area that is reputable and reliable who has a history with investors?

@John Farady He did not transfer the title, he gave it to her under the table, they left on good terms.

Any leases in place are also transferred in the sale.

Although, Fannie Mae allows the title to be transferred after closing to an LLC that the borrowers on the loan are the majority members of?

You could also have your buy & hold LLC purchase from your renovation company so you have a clean title transfer and better new acquisition rates vs. a refi.

Here is what my EIDL documents say and I would like to discuss some points here:Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "Collateral" paragraph hereof without the prior written consent of SBA.USE OF LOAN PROCEEDS· Borrower will use all the proceeds of this Loan solely as working capital to alleviate economic injury caused bydisaster occurring in the month of January 31, 2020 and continuing thereafter ...REQUIREMENTS FOR USE OF LOAN PROCEEDS AND RECEIPTS· Borrower will obtain and itemize receipts (paid receipts, paid invoices or cancelled checks) and contracts for all Loan funds spent and retain these receipts for 3 years from the date of the final disbursement.Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "Collateral" paragraph hereof without the prior written consent of SBA.1.

Instead the new scam is to ask you to pay up front for some sort of wire transfer insurance.

If no title transfer is involved who is the 3rd party dealer protecting both parties during the transction?

I see the housing market has hardly changed during this pandemic but with all the lay offs I am concerned about finding reliable tenants who are able to pay rent.

I know we would need to check with his lender if the loan can be transfered to me. 2.