All Forum Posts by: Gregory Wesley

Thanks everyone. I was hoping to avoid the costs associated with refinancing as that makes buying the other partners out less attractive. I will reach out to the lender and see what they may be willing to do.

I'm considering buying out my two partners in an LLC. We own one property in the LLC. We currently have a DSCR and I'm trying to avoid the cost of refinancing if possible. One of my concerns is while the mortgage is in the name of the LLC, one of the other partners has a personal guarantee on the loan. Is it possible to change the person who has the personal guarantee without refinancing? When we did the DSCR, they said this loan wouldn't affect his personal credit. Could we just adjust the LLC ownership and not worry about changing the personal guarantee?

I have a property under contract and the title company has completed multiple Affidavit of Heirships but have hit a wall. The remaining heirs don't have enough information to complete the remaining Affidavit of Heirships. The title company has recommended getting an attorney involved. Does anyone have an attorney in the Houston area who can help?

I have a property under contract and the title company has completed multiple Affidavit of Heirships but have hit a wall. The remaining heirs don't have enough information to complete the remaining Affidavit of Heirships. The title company has recommended getting an attorney involved. Does anyone have an attorney in the Houston area who can help? 

Just checking again. Does anyone know an attorney that may be able to assist with this?

Gotcha. Anyone have an attorney they'd recommend in the Houston area?

My understanding is that since there was no will, we need affidavit of heirships and no probate is needed.

Thanks. When you say negotiate with the buyer, how do I negotiate? What’s my angle? Any Title companies and Attorneys recommended?

I have a deal under contract and we are having some trouble getting clear title. Title has been working on this for a few months. They have completed a few affidavit of heirships but have a few more that need to be done but the heirs don't know a lot of the info ie marriage date/place, date/place of death. Do you guys know what can be done in this scenario?

I was thinking that but the area isn't the best area. I'm wondering if anyone has had success with that in this area.