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Updated almost 4 years ago on . Most recent reply

Tyler Dieringer's profile image
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Tyler Dieringer
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Tyler Dieringer
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Tyler Dieringer
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Tax, SDIRAs & Cost Segregation

Buying property under LLC with Freddy Mac

Tyler Dieringer
Posted

I'm 2 days from closing on my first rental property and the bank said today that the deed & mortgage could not be issued under the LLC, had to be in my name, because of new Freddy Mac rules. Anyone know if that is true??

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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
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  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

@Tyler Dieringer No, you can not get Fannie or Freddie financing through an entity.....this is not new, it has been that way Forever. Your loan officer seems clueless. 

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