Germain Depository Institutions Act:"... a lender may not exercise its option pursuant to a due-on-sale clause upon ... a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property[.]”If your lawyer was surprised about the due on sale clause, get a new one immediately.

The quicker you realize your main occupation is lead generation, the quicker you will succeed.At your brokerage, find someone who is doing better than you to be your accountability and script partner.  

I will be buying the property in my LLC name and as such do not qualify for the owner/occupant status.

Hello BP,I've been having a small concern and thought I'd turn to BP for some insight..I'm currently residing in NJ, working full-time in NYC, and looking to relocate to PA some time in the next few months by purchasi...

Tell people the skills you have and your goals and what pieces of the puzzle you have, you have some capital you have construction, you have FSBO resale or you can always get a good realtor, you don't have a deal or skills to get one and you probably don't have full financing to make a cash offer with no contingencies.Get your financing in place, are you going all cash, are you using hard money, are you going to partner with a money partner, are you going to get a fha owner occupant loan?  

We took leasing from 80%+/- to 99%+, so the occupancy is very strong and we've proven a track record for leasing and managing quick turnaround on filling spaces.

Would you consider selling the mobile home with monthly payments and getting only owner occupants into the park versus continuing to rent the mobile homes?

Would you consider selling the mobile home with monthly payments and getting only owner occupants into the park versus continuing to rent the mobile homes?

Underwrote for a 94% occupancy, 1% bad debt, and 1% concession

I'm essentially getting the property for no money down and will let the owner occupant or tenant buyer deal with the repairs.