Grant Shipman
Know about the Freddie/Fannie changes to the "due on sale" clause
There were changes made to this issue w/in the last couple years. They concern being able to transfer a title into an LLC w/out the due on sale clause being enabled to be exercised by the lender.
Adam Francis
Using Primary Home Equity
I own my home outright and was considering using the equity in my home to invest in my first property. Good idea? It seems like that’s what most investors do with their properties but assumed there were some cons when...
Owen C Davis
Underwriting OpEx and Rehab Costs in St Louis
I am looking to purchase an 8-unit property in the Skinker/DeBaliviere neighborhood of St Louis. I have identified several properties that fit my buying criteria, but I am having a hard time underwriting OpEx for the ...
Cliff T.
How is income from private lending taxed? How does REPS impact this?
Hi all,Can anyone provide some guidance on how income from private lending is typically taxed? My understanding is that if I'm NOT considered in the business of loaning money, then the income is considered interest in...
Anthony Park
Landlord ESA question
Hello my name is Anthony I currently manage my property in Magna Utah. One of my current tenants that signed a few months back into our lease agreement informed he would be acquiring an Emotional Support Animal. I man...
Brian Huber
Under Contract! Do I call a contractor or home inspector first?
Hi! I'm under contract on a home that I plan to hold as a rental. My agent was told it needed about $6K for HVAC work, paint and new laminate flooring.Should I contact a home inspector first? Or a contractor to price ...
Enyi Ajoku
Can i change the time for closing
I am about to close on a house (i am the buyer). I am having difficulty with the time to close, my lawyer sent me an email with a time that i cant meet (i was not consulted by my lawyer based on date or time suitabili...
Wencheur Antoin
Made it to the peach state- Georgia
Disclaimer: I moved to Georgia, and the only people that I really know are those who moved with me. My wife and two beautiful girls.Fun fact: In that same one day, I adopt a new member to the familyNot one with a diap...
Vasudev Kirs
Title service providers
Hello - I would like to shop around for title companies that can provide closing for property deal. Does anyone have recommendations for Missouri?How much are the average closing costs (including agent service fee, cl...
Christopher Brown
Assuming two loans
Hello, I am looking to assume two properties. Owner is just done with them. I have two properties my self right now. Her loans are a VA and fha loan. What can I expect moving forward?