Paul Cordero
REO servicing and FHA Dilema!
My dept. is currently battling with an FHA rep. who will not approve an FHA loan on an REO we have for sale because he is classifying our practice of liquidating REOs as "Flipping".
We recently aquired a portfolio of...
Kim Martin
Mortgage company wants to initiate Due on Sale clause
Closed on 2nd rental property in July. I have successfully setup LLC and am trying to transfer property into LLC. When I initially spoke with customer service rep at RoundPoint Mortgage(my original mortgage was sold ...
Joe Au
How to convert to self directed 401K
If I am actively contribute to my 401k with my current employer, is that mean I can't convert that to self directed 401k?
Serge S.
Due on sale clause was called by bank!
I wanted to share a recent experience. I recently received a letter from one of my lenders (Flagstar bank) calling out a deed transfer I made around 2-3 years ago. I transferred a deed via quitclaim from my name into ...
Faith Kirk
Solo K - Questions to ask
I am looking for advise on transferring money from an IRA to a SOLO K. We have an IRA that we would like to transfer the money to a SOLO K and we are speaking to a financial person this afternoon about doing that. Wha...
Jeff S.
Fund and Grow Review
I'm considering using fund and grow for a line of credit. They said a lot of bigger pockets investors use them. Can anyone give me a review on this company?
Richie Thomas
Help! Need to get the xfer conf # from my bank or I lose my deal!
Yesterday was the closing day on my first property (in Huntsville, AL). I wired the cash to close from my bank (USAA) to the account that the closing attorneys provided. The attorney's assistant said she was a littl...
Mary Joe
Buying and Transferring to LLC same year trigger TWICE the ppty tax hike in Florida?
Hello, if I purchase a rental property in Miami this year and close under my name, and then transfer the title to a LLC the same year, do I need to anticipate TWO times the property tax hike for next year? First re...
John Buzzard
Self directed ira
we are planning on investing in real estate in a self directed ira. I have read that the cost of servicing thr account can be high. I was hoping that someone who is already doing this, and has done the research, could...
Godsheritage Adeoye
How to takeover Subject to loan
Hello, I’d like to know how investors typically handle Subject To contracts. Do they use a servicing company to make the payments directly to the , or do they make payments directly to the seller and hope they pass th...