All Forum Posts by: Curtis Prince
Curtis Prince has started 1 posts and replied 5 times.
Post: Real Estate Investor Friendly Credit Unions
- Posts 6
- Votes 3
I've used Rate.com a couple times. Not unsatisfied.
Post: Moving properties to an LLC
- Posts 6
- Votes 3
Originally posted by @Account Closed:
@Curtis Prince
Do you have them under your personal name? Is it a commercial loan? If you quit claim the deed then with transfer of title lenders can, but very unlikely, will pull the “Due on Sale” clause where it’s supposed to be paid in full within the time period of exercising that. Again, very uncommon but wouldn’t want you to be in a situation where you have to default on the loan so approach carefully
Thanks for the response. What I meant was rental properties. The properties are being purchased under our (my wife and I) personal name. Our intent was to move them to our LLC afterwards, but what it sounds like is A. It should not have been mentioned to the lender, and B. We should wait a period of time before transferring.
Again, thank you for the response.
Post: Who's Buying Properties in North Carolina?
- Posts 6
- Votes 3
Originally posted by @Wes M.:
...I am curious how others handle lawn care? I prefer to have it taken care so I know the lot continues to look good and neighbors will be satisfied. That said, it ups the rental cost by about $100, which can make a big difference in interested tenants. Do others offer to provide lawn service as an additional fee? If I did that the listing would be shown at $1650 instead of $1740...
I will be offering lawn maintenance at an added fee. For example I would say $1700 +optional $50 for lawn maintenance.
Post: Moving properties to an LLC
- Posts 6
- Votes 3
I have an LLC and intend to move a couple commercial properties under it. Lender has said that that will result in the loan being called? I have heard others talk about doing this and mention that lender is not likely to call loan but it's new to me and makes me quite nervous.
Post: Who's Buying Properties in North Carolina?
- Posts 6
- Votes 3
I'm a starting investor in and around the Greensboro area.