Hi All,I was wondering if anyone has had experience with transferring a PennyMac Loan from your name to an LLC. We talked to a lawyer and they said the lender should be able to provide documentation that "due on sale...
I’m house hacking a legal 2flat. I would like to transfer the building to an LLC. For two reasons; 1. Avoiding liability 2. To remove the rental income generated to me personally and have it towards an LLC. Has anyone...
Anyone have any experience with transferring a Flagstar Bank mortgage into an LLC? I've had people tell me not to worry about it and to just do it, and I've had other people say the bank will call the loan due. My law...
My dad currently has 4 paid off townhouses that are getting older. He is interested moving the equity into new investments. His plan is to buy a piece a land, build several townhouses, sell enough to pay for the rest ...
We purchased a non-performing note a few months ago that was slated for foreclosure not long after the note purchase. It was so close in fact, that there wasn't enough time to do a Substitution of Plaintiff and an As...
Anyone having issues with Rentigo? Tenants paid on 9/1, I haven't had funds deposited into my account yet. Called and was on hold for 2 hours and then tried live chat, only to be told it's a known issue and there will...
I closed on a property about 2 months ago and the loan and title are in my name. I am renting the property as an Airbnb so I created an LLC and all the income is going to the LLC bank account currently. I would like...
Does anyone have experience with entity transfers vs actual sales of multifamily properties in Ohio? I'm aware of the pros and cons of both, but have heard that entity transfers are common in Ohio. What I haven't h...
Hello fellow BP'ers!Hope all is well with everyone! Our family has a four-plex that my dad is looking to give my brother and I to manage and own; so he can focus on getting promoted and maximizing his pension. My bro...