7 August 2019 | 7 replies
They only allow up to 4 loans with them and you have to put it in your name, but they are totally cool about transferring back to LLC.
7 August 2019 | 2 replies
Purchase price: $10,600 Sale price: $16,000 The owner of this property had passed and the property was transferred to her children who were injured, out of work and needed to sell.
21 August 2019 | 8 replies
@Erik PerottiMy projection is that the ibuyers will end up concentrating on houses needing little or moderate rehab, and pass on the more extensive renovations.The goal of the ibuyers is to disrupt the brokerage industry, not the fix n flip industry, although that could end up being a byproduct.Various platforms, disrupters, etc have tried to make real estate agency as obsolete as travel agents, so far with almost no success.The differences between consumer industries which have been successfully transferred to a platform basis, and residential real estate are profound.
5 September 2019 | 6 replies
Of course, you’ll have to wire transfer money to the closing title company.....note, get Verbal confirmation from the closing title company or attorney for the wire instructions.....a common scam now is hackers hacking title company/real estate agent emails, sending you fake wire instructions, and your money is gone forever into some scammers bank account.
14 August 2019 | 7 replies
You cannot easily transfer them into an LLC without triggering the lender's due on sale clause, though I read recently that may be changing.
13 August 2019 | 4 replies
- the titles of each property will be transferred to the child series within the parent series LLC. - child LLC / property A will be protected from a lawsuit filed against child LLC / property B- i will pay taxes only in the state in which i operate the properties, not in Delaware.
4 January 2020 | 8 replies
Utilities unpaid and had to jump through hoops to get the transferred to my name because of this.
11 August 2019 | 5 replies
There is a lot more to the LLC question - when to do it, how to do it, current mortgage, proper transfer to preserve title insurance chain, DOS, future financing, management, distribution of properties per entity, insurance, partners, etc. - stuff barely touched in current thread.Here is a diagram to help you on your quest: asspro-cya-diagram
11 August 2019 | 5 replies
However, your tenant should still be capable of submitting a transfer to your bank account.
11 August 2019 | 8 replies
I am completely unfamiliar with how a tenant transfer happens and can't find a whole lot other than we inherit any current leases along with our tenants.