Matthew Lindsey
Verbal Month-to-Month Lease and New Ownership
Hi,
Im getting close to closing on my 1st multifamily property and I'm in need of advice and opinions. A little background on the property: The property is 2 brick ranch duplexes on crawl spaces and on one piece of p...
James Bartlett
Does timing of Transfer of Title/Ownership matter?
Hey everyone, I will try keep this short and to the point. I'm looking to buy one of the properties I manage. This is a 4 unit building. Rough numbers (still negotiating) 500k sale price. 100k down. 3 year balloon. We...
Josh Neumann
Selling off partial ownership in 16 unit...advice
Would it be wise for an investor (me) to look at selling off partial ownership in a building to either eliminate (commercial loan) debt or use toward purchase of a new property. I'm in the process of a 4unit purchase ...
Holden Latimer
Second Deal - Duplex with Equity Partners. Ownership Structure?
Hope I can get some advice on how I should structure my second multi-unit deal.Quick background, my wife and I bought our first property, a 4-plex in Salt Lake City just over a year ago (FHA owner occupied loan). We r...
Zander Kempf
How to share ownership with a conventional mortgage??
I am wondering how it would be possible to share ownership between two partners on a SFR when purchasing with a conventional loan. Since it's not commercial, a conventional loan cannot be initially setup in the name o...
Willie Flint
Transferring 2 properties from personal ownership to LLC
Hello experts,
We have 3 rentals, 2 with mortgages, and started an LLC. We are buying more properties for sure and want to do things optimally. Does the bank allow transferring title to an LLC, or will require a re-f...
Ed Maione
Structuring Ownership when Another Person Holds the Mortgage?
Hi All - I am in a situation where I have a lot of cash available to invest but am tapped out for financing. I know many investors choose to partner with bankable friends / relatives which would work perfectly in my c...
Morgan Gruelle
Tenant Notification New Ownership and new Payment method
Hello, I purchased a triplex back in July and just signed a 6 month contract with the management company that was currently managing the property. Up until now they have been collecting the rent every month and transf...
Renae Pinkney
How to Prepare for Possible Rent to Ownership
Hello All, I am currently renting a 3br 1bath SFH (my grandmother owns the property) and I mentioned my plans to save 10k this year to purchase a rental property and move out shortly after. I was told if I move she'd...
Account Closed
Transfer of ownership with existing Section 8 tenants
I'm looking at investing in a multifamily property as a first rental investment. It is currently rented to Section 8 occupants . This time of year, purchasing a vacant SFH with the hopes of renting during the holiday ...