James Smith
Tenant giving notice in PA
Hey everyone! A duplex my wife and I bought about 2 years ago in PA came with a tenant. We received a copy of lease, very detailed and from a local property management group. It was self managed after by the previous ...
Bryan Hartlen
Notes on (trailer park) mobile homes?
This is an academic question for me but it was prompted by a discussion with another investor. That investor was trying to value a portfolio of 30 notes on mobile homes. Trailers only - land belongs to the park. Ass...
Jessica G.
Should we sell our former home or hold it?
We are just starting out in real estate investing, so I would appreciate input on our situation.
We have used our former home as a rental for the last three years. We've been using a property management compa...
Corey Meyer
Can I take venmo for rent from tenant?
Hi,I have been taking payment from tenants via venmo to my personal account. Recently I moved my rental properties into LLCs and opened business bank accounts that correspond to the properties. My legal advisor is a...
Account Closed
Which state to locate LLC?
We currently live in Oregon, we have 2 single family rental properties located in Arkansas, we're looking to purchase our 3rd property in Indiana. Our 2 current rentals are under our own name, but we are planning on s...
Jay P.
Shifting Balance Transfers to Reduce Interest
I have a Navy Federal Credit Union and Pentagon Federal Credit Union credit card. They both seem to run the same yearly reocurring balance transfer promotions from 0-4.99% interest with no balance transfer fees for 1...
Ben Williams
Polling on "Due on Sale" being enforced after transfer to LLC
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...
Tecsia Evans
Can I personally buy a home vested in my C corp?
We have a new construction SFR project in Oakland under our C corporation, where my husband and I are the only shareholders. We used a hard money lender to fund project. Project will be done in a few months and we dec...
Vincent Polisi
Has Anyone EVER been forced to pay an accelerated note because they transferred title and the bank enforced the due on sale clause?
The "Due On Sale Clause" in every lender's note is a common investor fear due to the myriad of ways investors transfer title on deals.
In 30 years, I have NEVER heard of a bank accelerating a note that was paid timel...
Elliot Cole
Transfer rental property into LLC?
My wife has a condo she’s owned since before we got married. She bought it with an FHA loan and it used to be her primary residence, and the plan is to keep it as a rental property. I have a number of rental propertie...