Jack Ni
Would lease option trigger due on sale?
Hi, I did a 25 year lease option with a seller. The lease is not recorded. But if the bank finds out that he did a lease option with me, can the bank call the loan due (due on sale)? I think I read somewhere that you ...
Michael Weleski
My Situation (First Post)
I am a 20 year old college student looking for advice on what to do in my current situation. I work 2 (soon to be 3 jobs), live at home, attend college, have 20 grand saved up on top of stocks and an IRA. Should I pul...
William Yen
Hello BP from Hoboken, NJ but soon to be SF Bay Area!
Hi BP Members!I signed up over the summer and read the ABCs of Real Estate Investing and Rich Dad Poor Dad, but never really pulled the trigger on any properties. I came close on a property on Roof stock, but didn't w...
Holden Mitchell
I need help!
Is it possible for me to purchase a property in my own name using an FHA 203(K) loan, renovate, live in for about 6 months, rent it out, and then move it into my llc? Is it that simple given particular loan terms and ...
Michael Nguyen
Due on sales clause...Has anyone experienced this?
Hey community! So I am starting out in real estate. I am partnering up with a good friend of mine. We plan on creating an llc. However, from my research it seems as though getting financed for a property with an llc t...
Diane Tycangco
Business Trust or Asset Protection Trust for holding Rentals
Hello everyone, has anyone used a business trust to hold rentals instead of an LLC because California charges a yearly FTB fee of $800 whether or not your LLC was formed in California? Or maybe a Tennessee Asset Prot...
Quentin Hollis
How do I avoid triggering a due on sale clause with a subject to deal?
I'm currently working on my first real estate deal and will be buying a property subject to the owners existing mortgage. I've done some negotiation with the seller already and we've agreed on the broad terms of the d...
Ryan Taylor
When is enough....enough
Question for the veterans in the room...and everyone for that matter...when it comes to doing your due diligence on an investment prop...I tend to lean more towards the philosophy of "some is good, more is better and ...
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...
Joseph Skoler
Transfer real property from s-corp
I have a piece of real estate owned by an s-corp (of which I am the sole shareholder).It has appreciated substantially in the decades that I've owned it.I would like to transfer it to an LLC (of which I would be the s...