Jaran Ramsey
Lender advised he cant close under an LLC
I have a property up under contract In Cleveland, OhIo and my lender advised that he can’t close under the LLC and I probably would need a commercial loan? Is that true? Are commercial loans better than conventional l...
Jared B.
LLC owner, can I Refi?
I purchased a single-family home in January under my personal name. My partner and I have an LLC set up but have yet to transfer the house to the LLC. We were planning on doing so within the next 30 days, but we are a...
David J Saylor III
Fannie/Freddie loan + multi-member LLC
Myself and two friends formed an LLC to acquire properties. We would like to take advantage of Fannie/Freddie loans, so we plan to have one person purchase individually and transfer title to LLC, which I understand is...
Mary Jay
Refinancing a PA property- any transfer tax or any hidden fees?
Hi guys,Will you please be so kind and help me out. I am trying to refinance a property in PA and was just wondering if there was any hidden fees or any transfer taxes, or other kind of taxes? My property is in an LLC...
Account Closed
Leasing rental prior to forming a legal entity
I have two questions about leasing a SFH that I hold in my personal name (because I recently purchased it as a replacement property for a 1031 exchange in which the relinquished property - a vacant lot - was held in m...
Amy E Good
Quit Claiming Properties into an LLC in Florida
We purchased 3 properties outside of Tampa last year and are just getting around to Quit Claiming into our LLC's. I usually have the title companies do it for free at purchase where we currently invest. When I started...
Lyn Green
Does my Rider delete my "due on sale" clause"?
In reading my 1993 fixed/adjustable mortgage note (5/1) I have the standard paragraph 11 "Uniform Secured Note" statement that can trigger a "due on sale" clause. It reads "If all or any part of the property or any in...
Sinil Kim
conventional loan to LLC
I just bought a my first investment property in NJ.I borrowed from Chase with conventional loan. How can I transfer the deed to a LLC ?Can I use quitclaim deed by myself? or should I talk to Chase bank or just hire CP...
Victor Correa
Subject to mobile home with bank lien
Have a deal, subject to mobile home with bank lien, Not payed off, Seller just bought 2 years ago & I am taking over but reading about the title transfer need consent from lien holder. Has anyone done this or a wa...
Joe Boggin
Selling property to myself?!
after much research about LLCs and rental properties and umbrella policies I know the extremely conservative approach is to have each rental property in its own LLC. Assuming one was to do that with rental properties ...