Even if you start by buying in your own name and later transfer ownership to your LLC, the structure will help you stay organized and better prepared for financing future investments.Remember: real estate investing isn’t just about buying properties — it’s about building long-term wealth, creating options, and developing the confidence to manage your own portfolio.

PROBLEM:Year 2014- The 2nd lien Note  was never paid and the lender did not take any actions to enforce their rights for many years.The Wells Fargo 1st lien eventually PAID OFF IN FULL (thereby sliding the non collected 2nd Mortgage lien into a PRIORITY lien Position)in 2014 the property was purchased and was transferred again.

If the house is not vacant, knock on the door and offer the occupants money to come in and inspect.

I’m seeing a range depending on credit and experience. Curious what you all are observing in your market.If you’re comparing lender terms for a project, I can help break them down.

Each unit has separate entrances.2) I’ll be transferring utilities which I currently pay for.

- Appraisal gaps- Increase contract deposit amountIn other markets; people shorten inspection/due diligence periods, pay seller's closing costs (i.e. transfer taxes), offer to pay a higher EMD.That said, the best 'tactic' is knowing your #s, knowing how to underwrite the deal, AND knowing how to establish a relationship with the other party (i.e. seller, seller's broker, wholesaler, etc.). 

It​‍​‌‍​‍‌​‍​‌‍​‍‌ looks like competitors are around the corner from every angle if you ask me. Considering my former underwriter role and my current position as a strategist for a national lender who is planning to e...

For long-term wealth transfer use a family trust or family LLC to shift appreciating assets tax efficiently.

This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on just the property's recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.

I'm about ready to file a complaint on them with the FDIC.Moral of the story, it's a nifty application but I would be careful about how much money you keep in that account.