All Forum Posts by: Sreenath Vemulapalli

Hi Armando,

I've been using Don Potts at DEPco for several years.  He's not real estate specific, but might be a good alternative if you don't find anyone else.

http://depcoaccounting.com/

Best of luck,

Sree Vemulapalli

@Anna Ryder You can find @Mahsa Nicknamon BP as well.  Good luck!

For all that are interested, I'd recommend working with Mahsa Nicknam.  She's a broker and an investor as well, which I've found to be rare.  Contact her at 404-998-4118.

@James Park

Good property managers: Citiside.

I'd be interested in good granite installers that are price competitive.

@Andy B. @Bill Gulley

Guys: Thank you all for that feedback. I've arranged to get a warranty deed done, I do think it wise to minimize the potential hurdles in the future. Great thoughts on the big picture regarding Trusts and so on, I will have to revisit this when I have enough properties to worry about.

Thank you all again.

Sree

@Chris Martin Thank you that is very helpful. I am in the process of closing now so will work with the lender on this. I will probably have to take my chances on the other property I have.

One more question - I understand that this can normally be done with either a Warranty Deed or a Quit Claim, a Warranty would guarantee ownership while a Quit Claim would not. Why would anyone do a Quit Claim rather than a Warranty? Cost? Something else?

Fellow BPers,

I have a company which I'd like for it to hold my real estate properties for purposes of limiting liability. I am purchasing properties personally as I cannot finance them with the company yet. I am transferring the asset via a Quit Claim Deed, but repeatedly hearing that this might be an issue for the mortgage holder and they may invoke the Due Upon Sale clause.

Questions:

• What is the most easily accepted method of doing this that works for all parties (as opposed to a Quit Claim Deed)?
• If there is no getting around this, what is the best way to approach the bank? What are the concerns that I should be addressing?
• Please let me know of any other thoughts you might have on the matter...

If it should matter, I'm primarily working in Georgia and South Carolina.

@Azeez K. Welcome to Bigger Pockets. I'm currently working a MF and SFH outside of the perimeter currently and live in Roswell. Let me know if there's anything local I could help on.

Sree Vemulapalli

@Jason Dillard & Community,

Would you know of a good property manager in the Greenville area? I'm going to be looking for someone by end of the year but have a friend (a real friend, not an alter ego :)) that needs on ASAP. This person may have 3/4 in the very near future if he's comfortable.

Sree Vemulapalli

Thanks @Jason Dillard