Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 13 years ago on . Most recent reply

User Stats

143
Posts
11
Votes
Ronald H.
  • Grounds Maintenance
  • Winston Salem, NC
11
Votes |
143
Posts

Are lenders frowning on Individuals being listed on the HUD?

Ronald H.
  • Grounds Maintenance
  • Winston Salem, NC
Posted

Simple and straigh forward question but important to me.

Are any of you folks wholesaling as an indivdual?

I heard a few years back, that some lenders are frowning on Individuals being listed as a payee on the HUD statement.

I am going to form an LLC but it would be more convenient for me at this time start business as an individual, get my feet wet and then after the second or third transaction incorporate.

This is important to me. Is anyone doing this and in what state. If someone from Massachusetts could answer this, that would be great because that is where I plan on doing business.

Loading replies...