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In the Latest April News Podcast the guest host stated that banks never enforce the due on sale clause if the mortgage is transferred from an individual to an LLC. In fact he stated they rarely find out because they g...
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Do you open an account to escrow your tax costs or is there another way? I'd rather not have to open another bank account if possible.
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Hi.
I have 4 rental properties financed through 3 different mortgage companies. 2 of the 3 told me today that they would call the mortgage due if I transfer the property to an LLC.
I am waiting to hear back from the...
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I am currently looking for my first rehab project and had some questions on the accounting process. I am assuming that I will need to track the amount of money used for the repairs, holding costs, realtor fees, etc i...
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Does anyone have any experience with transferring a mortgaged rental property to a revocable living trust, where the trust is created by the current owner and is also the trustee. Does the bank holding the mortgage ha...
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I plan on buying a SFR in my personal name. After the 6 month seasoning period with the bank, I plan to cash out refinance into a traditional loan. Do you guys have any issues transferring your title to an LLC? I know...
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Taking an informal Poll here on the "due on sale clause" enforcement. Wondering what people's experiences have been when purchasing a property secured by a loan under the individual's name, then shortly after transfer...
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Hello Everyone,I am about to enter a joint venture with a partner on a property. The loan will be financed under other parties name, but we will be equal owners of the property. I am looking for a lender that is willi...
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Can anyone recommend a title company in the DC metro area that handles Subject To or Seller Financing transactions? I recently came across Pace Morby's video on the "subject to" real estate deals, and I am interested ...
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Hey everyone, I'm currently in talks to buy 3 SFH rental properties. My partner and I will be splitting the costs 50/50. There's a bank that will finance them at 15% each but only if they're purchased personally rathe...