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Message
re: Real Estate Investing......... New update pg 7
Posted on 2/18/15 at 11:06 am to LSUengineer12
Posted on 2/18/15 at 11:06 am to LSUengineer12
quote:
But he got there all on his own man.
This is pretty much the same boat as my dad and he is helping me get off the ground with my investments. I enjoy hearing stories like that as they hit close to home.
1
Posted on 2/18/15 at 9:48 pm to stevengtiger
i hope you understand most lenders will not give a loan to an LLC for residential property.
You would have to transfer title through a quit claim deed to the LLC AFTER you buy property.
ALso remember once a lender finds out you switched the name they MAY have a DUE ON SALE clause which demands full payment of mortgage right then and there.
You would have to transfer title through a quit claim deed to the LLC AFTER you buy property.
ALso remember once a lender finds out you switched the name they MAY have a DUE ON SALE clause which demands full payment of mortgage right then and there.
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