Phillippa Gilkes
Lease Option vs Seller Finance
11 October 2019 | 3 replies
Seller-finance involves a transfer of the property to the prospective purchaser in exchange for a note and mortgage.Entering into these arrangements when there is a mortgage on the property can trigger the due on sale clause.
Account Closed
Can you do a sub2 with a shortsale?
12 October 2019 | 7 replies
A lender has no incentive to lower the payoff amount if it isn't getting paid off.Also, a short sale can trigger a "forgiveness of debt" tax problem for the seller to the IRS.
Joseph Villani
Annual Inspections- How often do you check up on your properties?
14 October 2019 | 9 replies
Inspections are also triggered by other bad behavior like being late on rent more than once or an unkempt yard or noise complaints.We always inspect 90 days prior to lease termination.
John K.
Can't reach support/problem with marketplace
14 October 2019 | 1 reply
Trying to post in marketplace and receiving an error.Tried to reach out too CS, but got a message that the spam filter was triggered and try back later.Can a member of support or a moderator I guess reach out to me, since I am unable to send a ticket in, please?
Vince Light
Advice for somebody who needs to make up for lost time
20 October 2019 | 11 replies
Part of what triggered my attention was a nearby duplex selling in the 600s and I was floored (granted, it's the SoCo area, but still).
Trent Chance
MHP Offer - Need help structuring
16 October 2019 | 8 replies
Here's the position according to First American Exchange Company: "Although it is possible to refinance before or after an exchange without triggering tax, investors should carefully consider their options before doing this, because the IRS could take the position that the refinancing is taxable when it is done to avoid tax rather than for a separate business purpose.
Michael Larkin
New investor - Phoenix AZ
14 October 2019 | 3 replies
I am now ready to pull the trigger on my first rental property!
Adam D Rinehart
First BRRRR Deal to be buy & hold as a student rental property.
10 December 2019 | 7 replies
My GC said we're about 3 weeks out from completion which triggered me to contact the bank I've already lined up and start the cash out refi application process.
Payton Pearson
Second Investment Duplex Purchase
2 December 2019 | 5 replies
The clause triggered, and we won the property.
Michael Macaluso
Should I use cash or heloc?
15 October 2019 | 2 replies
@Michael Macaluso Congrats on pulling the trigger.