Also, you can manage that LLC, be paid, earn your way in over time, but if you remove that seller from the LLC entirely as the owner of that property and the loan is made to the LLC and that "seller" a beneficial interest has been transferred and the lender may call your loan due, the "seller" needs to be in the LLC, but doesn't have to be active.Refinancing is a different animal than buying, the LTV for a cash out refi will be lower, 70/60 maybe 50% with a bank, if they will do it at all. 

The Trustee can either sell the real property as the Trustee and deposit the sale proceeds into a trust account or transfer the title to themselves (as beneficiary) and then sell it.An irrevocable trust, on the other hand, cannot be amended or revoked by the grantor without the consent of the beneficiaries.

He claims I need to pay some sort of "loan insurance" fee before transfer of funds to me.

Hi to all, Im planning on opening a Wyoming LLC as a holding company, then open an LLC for each rental that we have in Kansas and Missouri.I read several articles and would like input on the way rental payments should flow from the tenants to me.1- The tenant deposits rent in the account of the LLC that owns the RE property.2- The rent money is transfer to an account in the name of the Wyoming holding LLC3- Any money that I need to pay for personal expenses is transfer from the Holding LLC account to my personal account.Question:1- Do I need to move money to the holding company... then to my personal account.. or can I move it from the Rental account to my personal account?

If you have a decent REALTOR working for you, they should be all over this.I would give a written demand that the insurance money be used to make the repair or that Seller transfer the funds at closing so you can make the repair.

We transfer our repair and maintenance allowance from our operating account every month into a separate account..  

I have been in the Army for two years and am currently looking at transferring to the Space Force, so I very well could be moving around.

Greetings:Generally all IRS liens follow.Depending on where you are, you either take title and wait the requisite # of months for the IRS to claim the property (in which case you are paid back for the purchase price only - not improvements) or title is not transferred until after that period. 

We are encroaching on the largest wealth transfer in history from Boomers.

I'm pretty sure I did, I was successful in contacting Aaron Norris, his brother and he was the one who gave me the attorney so I'm pretty confident I was speaking to the right attorney.