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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...
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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...
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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 ...
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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...
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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...
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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...
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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...
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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...
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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...
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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...