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Results (10000)
Geoffrey Giannone Refinancing into 30 year mortgage with LLC’s name
18 December 2020 | 3 replies

Hi everyone!

I just recently bought my first rental property and rehabbed it with a partner of mine. Looking ahead, we hope to refinance it into a longer term mortgage with lower rates than we currently have. Howev...

Rosalie Evans Due on Sale and the LLC.
11 February 2023 | 9 replies

Is it risky at this time to ask your bank to allow you to put your investment property into a single member LLC? I opened an LLC just for this reason but I have not transferred it. I have heard that some investors jus...

Ed Kowalchuk Bank loan:25% down using a new LLC with a personal guarantee?
30 June 2020 | 8 replies

I am returning as a real estate investor who sold my investment property held as individual 20 years ago. So this is like starting over for me again under different circumstances. Since I now have significant outside ...

Mark A. Roberts Probate property / inherited
13 July 2023 | 2 replies

Hey BP family, I lost my mom and recently went through probate and received her house. Is there a way that I can keep the interest rate as is and sub-to it to my LLC? Interest rate currently (4.25%) owes 43k on the mo...

Erick Garske LLC Cash Out Refinance in Maryland
23 October 2016 | 22 replies

I have some property in Baltimore City held under my LLC. I would like to do a cash out refinance, but when the properties were purchased, the title was recorded under the name of the LLC. This had been done for liabi...

Timothy Asp Violating the Due-On-Sale Clause: Risky or Worth It?
6 June 2023 | 10 replies

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...

Jeff L. Mortgage Called Due Upon LLC Transfer
17 August 2017 | 50 replies

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...

Lyn Green Does my Rider delete my "due on sale" clause"?
14 May 2021 | 4 replies

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...

Douglas Andrew Loan Assumptions, Commercial Loan Transfer to Buyer.
24 June 2018 | 2 replies

Hi All- I have a question on Loan Assumptions for a commercial loan. I have a $2.45 million loan at 3% interest only. It was for 5 years with 3 years remaining. We are thinking about selling our building after 10 year...

Richard Florestan Structure of loans and bank terms, buying in an LLC
9 February 2017 | 3 replies

Hi,
I'm planing on buying a few 4 unit rental properties and have been shopping different lenders that are local to the areas in buying in. I have been able to get qualified but find it amazing how different each ban...