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 ...
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...
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...
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...
The "Due on Sale" clause clearly has been beaten to death. Only time will tell how this plays out (the historical period of declining interest rates is not a good period to test this clause.. one must see what happen...
This is something I've been thinking about quite a lot now that we're in a high(er) interest rate environment, and I'm interested in hearing from the BP community on what they think. Disclosure: Not a mortgage broker...
Hi,I closed on my first rental property at a 4% interest rate just before COVID. Obviously, interest rates have decreased significantly since then, and I'm planning on shopping around to see if refinancing to get a lo...
Hi.
I have 4 rental properties financed through 3 different mortgage companies. 2 of the 3 told me today that they would call the mortgage due if I transfer the property to an LLC.
I am waiting to hear back from the...
In reading my 1993 fixed/adjustable mortgage note (5/1) I have the standard paragraph 11 "Uniform Secured Note" statement that can trigger a "due on sale" clause. It reads "If all or any part of the property or any in...
Hello - I recently moved 3 properties out of my SDIRA so that we could take advantage of the tax benefits. These houses are currently deeded to my husband and we own them free and clear. We are looking to take advan...