All Forum Posts by: David Silber

The forum is for the public's benefit. You can PM if you like.

I own there. Any specific questions?

I own in Rockland and Orange counties. I know nothing about Oregon, but I'll gladly try to answer any specifics. What do Louisville, Portland and the Hudson Valley have in common?

I just got a property (in nearby Orange County) that was on and and off the market for the past 7 years! AND was sitting now on the market for about half a year, under contract for 23.3% off list price. I say it never hurts to try.

I'm not saying Orange and Rockland counties are not good for investing. 

I actually own great rentals in both these counties, facturing the taxes in.

Taxes just isn't on the pros list. 

There is none. I too hope the app would do much more than it currently does. They've done the hard part already. Stuff's on their site already, why not implement everything in the app?!

If you're looking for low taxes, Rockland is the wrong place. Orange is better, but not great either.

My mortgage broker claims that adding a partner to my deed (without removing myself) won't trigger the 'due in sale' clause. Does anyone here have any experience with (or knowledge of) such a situation?

Thank you! 

I'm thinking without a lien on the property. Just on the LLC itself. If I don't pay my friend, he gets the entire LLC. That way the bank doesn't even have to know about my existence. From their perspective it's just a guy funding his own (if necessary) LLC and backing it's mortgage with a recourse loan. And he'll show them 3 months' statements.

Won't that work? 

Would they care that the LLC pays the guarantor of the mortgage?

The way I see it, with these crazy low rates stretch it for as long as possible. 

But under 2 assumptions:

1) It's fixed rate. 

2) You're planning on actively reinvesting. 

That way just like you'd keep borrowing at, say %5, you might as well lock it in now and stretch the payback for as long as possible. You're effectively borrowing constantly at today's low rates...