I'm looking to get a conventional loan and transfer the property to my LLC after close. I actually already have a lender that is on board for this, so now I'm just looking for someone who has done this so I can hash o...
Does anyone know if when a security deposit and/or last month's rent is transferred to the new owner at closing are you required to send the tenant a notice that you now have their deposit? We had that happen and we d...
Hi there,One of our commercial tenants (property is in California) wants to sell his business and retire. We renewed his lease earlier this year with the knowledge that he might sell his business soon.What process wou...
I just purchased my first duplex in Bryan, TX. To get a more favorable loan I purchased the property in my personal name. The loan is 30yr conventional. I would like to transfer the title to my LLC for liability prote...
As a landlord selling rental property, am I either required or prohibited from giving tenants' confidential information such as credit reports and social security numbers to their new landlord? At what point should I...
Hi All! I am trying to support a friend (spouse 1) who is going through a divorce with spouse 2. It seems that spouse 2 is leaving the house for spouse 1, but would like to remove their name (spouse 2) from the loan. ...
Hello, Bigger Pockets!!It is with great joy that I announce that my wife, Piper, and I have closed on our first rental property! We bought a 2/1 in OH and have the property management company in place to get it rented...
Good morning all,I'm looking to transfer a 6 plex with a commercial loan from my name to an sole owner LLC. I've confirmed this is acceptable with my mortgage and insurance providers. My intention is to reduce my pers...
Good evening BP community,I currently have 3 houses in CA: 2 rental and 1 primary. Both my rental properties are under VA loan with 4.5% and 2.5% rate. I bought these houses as primary residence back then. I would lik...
Hi All,
Happy Friday in the U.S.I have a question I am hoping some people could provide insight into.
I have a few rental properties, have bought/sold, and managed properties for a few years now. I just recently st...