23 October 2019 | 9 replies
Find another one.You can find a more informed banker; transfer of title always comes with some risk.
5 June 2019 | 6 replies
So what you can do, is get a loan in your personal name and transfer the title to your LLC after closing.
6 June 2019 | 19 replies
You can also find lenders where you can do Fannie May 30 year notes in personal name and transfer to LLC at closing without triggering the due on sale clause in most traditional banks.
5 June 2019 | 12 replies
You can do the exact same thing without selling/transferring to your wife.
6 June 2019 | 32 replies
Equity you pay for is just your money transferred from your bank to the property...where it dies."
10 June 2019 | 4 replies
Quit Claim are perfect for transferring properties from your name to your LLC and among partners - but when you're purchasing, the seller provides the buyer with a title policy to ensure clear title and for that a warranty deed is the only way to go.
6 June 2019 | 12 replies
Here is a checklist of items you should consider leading up to Closing Day:Contact settlement agent and lender to ensure closing is still on schedule (1 to 2 weeks out)Review preliminary closing settlement statements (1 to 2 days out)Arrange money transfer (1 to 2 days out)Sign closing documentsChange locks & make copiesPlace keys & lockbox at property for ContractorsProject StartupAt this point, hopefully you spent the Closing Period getting ready for your project, and you have your Contractors selected, lined-out and scheduled to start work on Day-1.
31 October 2019 | 6 replies
I can give a quit claim deed on that exact property meaning I transfer all my rights to that property to you.
5 June 2019 | 2 replies
I'm also in the process of filing a quitclaim deed to transfer title to the LLC (no issue here with mortgage).
7 June 2019 | 5 replies
My only issue is the legalities of transferring the money.....my dad would sell me the property through the bank mortgage (he gets paid) and then he would have to repay-me my initial cash investment.