Dan Madden
Covenant Deed from Fannie Mae?
I just received the title work for a cottage I'm purchasing owned by Fannie Mae. The cottage is located in Northern Michigan. The Schedule B-1 requirements include this clause:7. Covenant Deed from recited owner to...
Mary Jay
How to transfer RE into Roth
Hi guys, I might be confusing something...But if I understood correctly, it is possible to transfer from IRa that contains real estate into Roth that will contain real estate?Is that true? Or I misunderstood? What kin...
Jon Passow
Newbie Freindly Cleveland Bank Recommendation
"Hello Cleveland!!!" Ok, that never gets old, right? I'm gearing up to approach banks to get per-qualified for a loan and start to build relations ships with an underwriter that I will use over and over again for my f...
Kaaren Hall
Invested in a House with Your SDIRA? Remember to Keep a Cash Reserve.
After you have invested using your self-directed account, you might wonder about the next steps to take. Importantly, it's crucial to be aware that a lack of available cash in your Self-Directed account can expose you...
Doug Kolb
Need to move mortgage from personal to LLC
Hello,I own a single family rental home in Memphis. i bought it and financed under my name not knowing any better (in 2015). Looking now to put it under an LLC (which I have already), but my current mortgage holder ...
Jeff Piscioniere
LLC logistics as created as a partnership
Good morning all!
Just a few short months ago, my 2 partners and I created an LLC for the purpose purchasing buy and hold rental properties. We closed on our first multi in July. The mortgage is only in one of the pa...
Mark Rocka
Can you BRRRR into an LLC?
I keep hearing and reading that moving a house into an LLC can trigger a “due on sale” clause of a typical mortgage. I got to wondering, what if I buy a house for a BRRRR strategy directly into an LLC with cash? Woul...
Wei Xie
Accepted payment types
I have another question about what payment types you accept. California law prohits landlord force tenant to only pay by ACH transfer. As I live 1 hour away from my rental property and work full time. I am wondering w...
Garrett M.
Closing Costs NYC - Are you serious?!
Hey Everyone,
I am new to game and looking to purchase my first house this year. My question pertains to the closing costs associated in New York, specifically NYC.
I've been speaking with a few lenders...
Patrick Choo
Forming partnership on property already owned
Hello, I have a good friend who just moved out of a duplex house that he lived in for 5 years. He wants to rent it out and I approached him about me buying into the property with him to form a 50/50 partnership. The i...