The letter states the status is valid through 2033, provided compliance is maintained.My technical question: When taking title, does the 'Change of Ownership' affidavit need to be filed with the county before funding, or is it standard practice for the title company to record it simultaneously with the deed?

You aren't likely to have that many simultaneous applications for a property where you need something like this.

I'm doing the groundwork - learning the market, studying neighborhoods, practicing deal analysis.

Quote from @Ariel Broome: Good Day All- I purchased a property with a hard money loan under LLC #1 (the flipping LLC) , I renovated the property and rented out the property, and then refinanced it while simultaneously transferring the deed to LLC #2 (LLC holding rental properties) . 

Hey Chicago investors -Quick technical question on the Cook County AHSAP (Class 9) incentive.I am under contract on a 16-unit in Phoenix, IL, and we just received our formal approval letter from the Assessor reducing the AV by 25% through 2033.My question: When transferring title to the new partnership entity, does the 'Change of Ownership' affidavit need to be recorded before funding, or can the title company handle it simultaneously with the deed?

In my case, management fees and/or vendor payments are withdrawn by mid-month but they refuse releasing funds until the very last day.Is that practice normal?

Be open to participating in real estate meetups, online forums and social media groups they are great for the practical part of your learning and even for your networking, so you can definitely broaden your perspective.Good luck!

I’ve been tasked with sourcing off-market mobile home communities (100+ pads) in specific markets and MSAs, and I’m trying to be intentional about how I go about it rather than just blasting lists.
I understand the...

Hey BiggerPockets community,
 
I recently joined and I’m looking to start a thoughtful discussion around out-of-state property ownership and management.
 
I’m especially interested in hearing from investors who:
 

Ow...

Simultaneously offer longer lease.