Andre Harris
I THINK I may have my FIRST deal....help me pull the trigger!!
Here’s what I have.
Lady has stopped making payments on her home in Dec. after 5 years of on time payments. Health issues, can no longer afford the home. Has left the home and lives with relative now. Last week a sher...
Sunny Karen
Should we pull the trigger on these properties? First time investor in Tulsa
We are new to real-estate investing in the Tulsa area (have a couple properties in CA, MI)Why Tulsa? Conservative appreciation, reasonable cash-flow and long-term outlook for the city looks good. No crazy growth and h...
Alan Mills
video surveillance during rehab
After another break in, I’m looking for up-to-date info regarding video surveillance during rehabs. I’ve been looking into both WiFi and cellular options, but couldn’t find what it would cost for cellular. This is my ...
Rich Hupper
Database for contaminated properties
HelloI recently applied for a commercial mortgage and the bank said the address triggered an environmental hazard redflag. The bank is now requiring testing to be done before a loan can be issued. Is there a public da...
Joseph Agins
Prepayment penalties on DSCR loans for paying extra?
Loan Commitment states: "There is a prepayment penalty of 1% on the loan for any partial or full principal reduction payments made before the end of the fifth year. After the fifth year the loan can be paid off with n...
James Fraundorf
LLC member swapping and repercussions?
Hi friends, I have a question for any lawyers out there or anyone who may be familiar with this. This is concerning a property we have under contract in Minnesota. Is there is a way to bring the capital partner on th...
Account Closed
Transferring a Property into the LLC
Hi Everyone,
This is my first post. I'm in the process of acquiring a property with my wife in Baltimore County, Maryland. The acquisition is on a personal basis with traditional 30 year financing. After close, I'm l...
Troy Luster
How can you transfer to a LLC
Hello BP,
Bought a house a few years ago and I currently use it as a rental. I have about $40K equity but I lived there when I bought it. How can I transfer ownership to an LLC without paying off the mortgage or tri...
Rocky Pe Benito
Ownership and Title and the Due on Sale Clause
Hello Bankers, Lenders, and Mortgage Brokers,What would be the legal way to add a family member to the title and mortgage without triggering the Due on Sale Clause? This family member is managing the property (pays mo...
Jordan Jaramillo
Due on sale clause &
How do I transfer my triplex into an LLC without triggering due on sale clause?