Ann Baker
Property transfer upon passing
Hi,
What happens in the case where a relative passes away and the mortgage is under her name, but the title of the property is under an LLC that she is not a member of? The relative had a living trust and will granti...
Scott Lembach
Pre-approval Letters in advance of making an offer to a seller:
Hello, First-time investor question for you:I'm going on a road trip in search of a duplex. I have excellent credit and proof of steady income. Should I contact a local bank or a Mortgage Broker in the state/s of i...
Chris Low
Why do banks delay on short sales?
Just curious why banks can take so long to make a decision on a short sale? What are they waiting for? We have a property under contract that is a short sale. We made the offer on 11/10 and the seller accepted it. It'...
Darian Eldredge
probate investing
hello everyone, I am new to investing and am getting my criteria in order and have come across probate investing. one thing I am confused about thus far and hope to gain clarity about is, the documents or contracts th...
Kyle Grimm
Bank needs personal financial statement
Hi everyone!When I go to the bank for a new loan, they require me to fill out a personal financial statement. I own more properties than what they give me room for on their spreadsheet. I am simply wondering if anyo...
Mike Warder
Reasonable Egress Window Install Costs? (Hyattsville, MD)
I would like to install an egress window in a property so tenants can legally sleep in a basement space. My handyman gave me an estimate for $1,500 to pull permits and $4,000 for the work. I already bought the window ...
Koshu Takatsuji
Newbie question about getting a loan
Hi all, I'm currently looking to get a conventional loan to buy a SFR, but it's my first time doing this so there were a couple of questions I had. 1. If I fill out too many loan applications (to shop around) and they...
Josh Dillingham
Making an offer before financing is set?
just signed initial disclosures and submitted all documentation for a cash-out refi on a single family property I bought one year ago. I'm expecting the property to appraise for 70k and take out 75% LTV for a total of...
Simon Gill
Grant Deed with County (CA) Trigger Property Reassessment?
I'm adding my brother to the property deed through a grant deed. I purchased this property back in 2011. My name will still remain on the property deed now will this recorded deed with the County trigger a property ...
Julio Gonzalez
A Post to Understanding IR-2023-193
In a recent post (linked here), I discussed the moratorium that was issued on Employee Retention Tax Credit (ERTC) claims. IR-2023-193 was recently issued as a follow up to include details on the new withdrawal proces...