I am told this doesn't usually trigger a due on sale clause if there are no late payments.

Hey everyone! I’m pretty new to the multifamily space and trying to soak up as much as I can from the people actually buying deals right now — not just YouTube theories.
I’d love to hear directly from experienced mult...

Some say that kind of leverage has dried up, others say it depends on the deal.

I am thinking not to move this Xyz LLC into new revocable trust(trigger a due-on-sale clause with the lender)I will add this Xyz LLC in future when mortgage is paid off after few years.Can I modify and edit this new revocable living trust in the future?

Hi @Katie Nguyen, A big withdrawal like that can trigger significant taxes unless you have offsetting losses or strategic deductions.

Downtown Revitalization Initiative (DRI) – $10 million Binghamton was selected as the Southern Tier winner of the 8th round of New York State’s DRI, providing $10 million for transformative redevelopment projects along Clinton Street in the First Ward (binghamton-ny.gov).

There was a ton of them from around 2012 - 2016, but short sales dried up since then and many realtors moved on.

Its a 2800 square foot house that needs some pool work and dry rot but most likely nothing over $20k. 

Hello, what made you pull the trigger on this house to become your first deal?

However, if you later convert the furniture to personal use, you may trigger depreciation recapture and have to pay back some of the tax savings at your ordinary income rate.