David Andrews
Due on sale clause question when quit claim to LLC?
I am thinking about transferring my rental property in UT to my LLC. The credit union's (PFCU) Note and Deed have the following clauses:Note:If all or any part of the Property or any Interest in the Property is sold o...
Samuel Huang
Advice on next steps
Hi All!
I'm looking for advice on how to proceed next.
I'm trying to find an out of state investment property for about under 300k (lower the better of course).
The markets I've narrowed down is Fayetteville NC, La...
LeeAnn Doppel
Emotion Support Animal questions
I am looking for new renters for a condo (Salt Lake County Utah) that I just had repainted and re-carpeted. My ad says No Pets. The 4th applicant just contacted me by email asking " Would you be willing to allow pet...
Michael Rudd
Picture Tutorial on how to Post Pictures
Hi Everyone,
I did a quick search on biggerpockets and found a few posts asking how to post pictures to their forum posts. I saw a how-to guide including the WYSIWYG, but read somewhere else that the image...
Alan Becker
Quit claim deed to put property into LLC
I have a rental that I own outright. I want to put it into my newly formed LLC before I finance it to regain capital for investing. I've heard that the easiest way is to use a quit claim deed. Does doing this affect t...
Bob Yon
Finding Owners?
I've finally closed on a cash deal through an auction company that took forever to close and am currently in the process of spending too much on rehab expenses but that is a different post.
Right across the street ...
Don Konipol
Thoughts on “subject to” deal making
There’s a lot of negativity out there concerning the risks (especially to the seller) of subject to deals. To sum up the risks to the seller; the seller remains liable on a note which is secured by real estate they n...
Bienes Raices
"Due on Sale" clause and interest rates?
I know that the consensus is that "due on sale" is almost never triggered in the real world.
However if someone locked in at a historically low interest rate today and then deeded the property to an LLC (or some oth...
Don Konipol
The Danger of Wholesalers Holding Real Estate Broker or Salesperson Licemse
More and more states are requiring wholesalers to be licensed. I have stated before that this could be a trap for the wholesaler, whom, if licensed may be taking on a responsibility to the seller that is at a minimu...
Brian Moore
Even an experienced investor needs to avoid hubris!
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Sparks.
Purchase price: $330,000
Cash invested: $90,000
Contributors:
Cooper Marcus,
Michael S. Helton
...