Hi, I am interested in purchasing a ticket from another member but I am unsure of how the process works. We are both wondering how we can feel secure in the transaction process. I would appreciate anyone that can spea...

In North Carolina, lenders may have “due on sale” clauses allowing them to call your loan due if you transfer the title without approval.

If the loan is backed by Freddie or Fannie then you can typically transfer the property directly into the LLC because both Freddie and Fannie have issued guidelines specifically allowing transfer to an LLC.

Hey Jake,I only need one ticket, how is the ticket transfer process done?

Deposits are transfered at closing. 

--I transferred all of my rainy day cash to the loan to get the balance down.

Quote from @John McDonald: Hello Rick, I don't think you're understanding the full situation, let me clarify.The property is transferred via deed, I sign a promissory note for a set amount, and record a deed of trust.

We have two extra BPCON tickets available we are able to transfer to you. 

It's written into the lease that tenants must deposit their rents into that particular account (either by online bank transfer or by walking in a check/cash); I do not collect rents directly, nor would I if anyone asked.

I’ve personally used Ally and Amex HYSAs — rates float a bit, but it’s painless to transfer rent income in and out.