Rafael Ortega
Buying Real Estate under LLC or your name
Hi Team,
I have two properties under contract ( single family homes). Should I buy them under my business name LLC or just under my name? these will be my very first rental properties. I will use hard money lend...
Michael Kulusich
Moving Rental into a LLC
I need to take rental property out of my name and move to LLC . I called my current Lender and they have informed me they do not Lend to LLC ‘s I believe I have read somewhere that most banks will not carry mortgage ...
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...
Rick H.
DUE-ON-SALE-O-METER
Was just told today by a Chicago area attorney who works with a lot of investors that he has seen a sharp increase lately in banks calling notes due.Very curious if anyone else is seeing this.
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...
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...
Seemant Nakra
Bought a house with Credit Cards
Investment Info:
Single-family residence buy & hold investment in San Antonio.
Purchase price: $62,000
Cash invested: $95,000
Sale price: $125,000
Bought cash, Renovated, Rented, Refinance ca...
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...
Aaron Smith
LLC Transfers Without Undue Risk
Hello All BP Contributors,
I have truly appreciated the information I have found inside these forums. This is my first post myself :-\
I know there are other posts on this, but I can't seem to get a solid answer on ...