Ronnie S.
What lenders lend on houses in an irrevocable trust?
27 November 2015 | 1 reply
If you're the beneficiary, you can transfer to your name (you are the trustee), and then refinance with anyone. are you keeping it in the trust for protection purposes?
Jeff Hink
Tax lien on a house after a bankruptcy?
26 November 2015 | 6 replies
With that said, IRS tax liens are rarely pursued after a transfer of title.
Michael Strobel
Getting started in REI with an IRA or Self-Directed IRA
3 December 2015 | 14 replies
@Michael Strobelif your father decides to rollover his IRA into self-directed IRA this would be considered a 'qualified transfer' therefore there will be no taxes or penalties until the time of distributions.
Mark Douglas
Inheriting problem tenants?!?
28 November 2015 | 5 replies
Check what security deposits are being transferred to you .
Shelly Scruggs
investment financing
29 November 2015 | 15 replies
Most states allow the borrower to make the choice to impound the tax and insurance or to waive escrows/impounds but usually you have to have 20% or more down payment.In CA the min is 10% down for the borrower to decide to impound T&I's or not (it cost more to waive impounds, about .40 points cost).Most other states require 20% down or more to waive them.Yes if you waive them you bring in less "cash," to close however its important to distinguish that these prepaids are just funds being stored on your behalf and are not "closing costs," in technicality but are required to be brought into closing to consummate the loan or transaction.Also the reason seller financing is less closing costs is because there is no lender, processing, underwriting, doc fee, credit report, etc.However, with a seller financed transaction you still have lender title insurance (I hope you have this), and the attorney/escrow fee, along with recording, notary probably, exise and transfer tax (depending on which county or state you're in), prepaid interest on the seller carried note unless you negotiated the start date of your note at a future time or got some forbearance/deferment period.
Chris Brown
Financing REO flip & sell with ROBS/Solo 401k
1 December 2015 | 5 replies
@Chris BrownActually if the ROBS is setup properly where, for example, the IRA funds were transferred to the new ROBS 401k, the loan will need to be to the ROBS funded C-corporation and you as the owner of the ROBS 401k can personally guarantee the loan, however the 401k assets may not be used as collateral.
Ramon Moreno
absentee owner
1 December 2015 | 3 replies
Typically the sites are updated within a few hours after a transfer has been recorded.
Mike Nelson
Private Loans for rental properties
1 December 2015 | 6 replies
You'll need specific docs for the mortgage note that your family member will buy through their IRA for their IRA custodian to approve the funds transfer.
Anna Snyder
How to close a seller-financing deal with a payment schedule?
1 December 2015 | 9 replies
I want to take possession in December and the title has to transfer then, as the HOA doesn't allow rentals in any shape or form.
Sadio C.
Deed Transfer in Philadelphia, PA
30 November 2015 | 0 replies
It was a tax sale.2 - I have formed my LLC 1 month ago3 - My friend has recorded the property deed under his name because my entity was not formed yet, and I live out of the country.Now we want to transfer the property to my LLC.