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A lender at my REIA said that Fannie has lifted the due-on-sale clause when deeding a property over to an LLC. Is this true? When did that happen?
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Hi! I am a new member from Columbia, South Carolina. I am 23 years old and am closing on my first property next week. This property will be my primary residence for the time being, but I believe it will be very easy t...
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Hello my name is Cynthia Vaughn. I am new to REI. I am a elementary teacher by profession. My goal is to buy and hold enough rental properties to allow my husband and I to retire comfortably. (My husband pushing faste...
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Can anyone suggest the most effective way to get B of A to waive their right to pursue deficiency?
I received a short sale approval from B of A with the clause saying they can pursue the deficiency:
"BAC Home Loans ...
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Hello BP Community! I'm wondering if others use a paid subscription to a local rent guide, like rentometer to get to know their market? Or I guess a better question is, how do you go about finding out what the going r...
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My grandfather had an LLC in his name set up as a partnership and also a living trust. My siblings and I were 15% "owners" and my mother was 60%....something like that!I had to file a 10-K every year for earnings/los...
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June 2022 Housing Market Update for Austin, TX MSA
June 2022 statistics have been released for the Central Texas Housing market. There was a slight increase in median sales price from the preceding month and a 7% i...
Hi BP folks,
I own a duplex that is zoned to add a stand alone third unit to make a triplex. After going through different options to build ( prefab or custom) I’ve decided to go custom because I’ll need to add parki...
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Hi there! Where is everyone purchasing bulk sheets/linens and towels? Are there any specific wholesalers you have used? I am about to close on my first STR in Crystal Beach, Texas that has 10 beds of various sizes. I ...
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Making sense of make believe markets.
In a recent NYT article, writer Melissa Kirsch made the assertion that part of what makes us adults is reconciling the contradictions of our identity. As a new investor searching...