Michael Baradell
To keep or not to keep??
30 June 2019 | 6 replies
Much would depend on the nature of the terms.
Grace Thorstad
First Investment - SFR
15 July 2019 | 4 replies
VA rules require you to certify that you will use the house as your primary residence.
Kimberly Walker
Trading higher salary for a lower one
8 July 2019 | 5 replies
I am naturally more conservative in my risk taking so it was a struggle for me just to outright quit cold turkey.
Tyler Wotherspoon
AirBnb starting question
8 July 2019 | 29 replies
In addition with some loans such as Fannie Mae they are now allowed to move the property from their personal name into the name of a LLC without violating the due on sale.Section D1-4.1, Information Relating to Transfers of Ownership Applicable to All Mortgage LoansD1-4.1-01, Determining Whether a Transfer of Ownership Is Permitted (11/12/2014)[...]D1-4.1-02, Allowable Exemptions Due to the Type of TransferA transfer of the property [...] to [...] a limited liability company (LLC), provided that: the mortgage loan was purchased or scuritized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).Note: The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.All of the information that I post here on BP is to be considered my opinion and not taken as legal advice as I am not their personal attorney.
Chris Perry
ALERT: NEW MEMBER POST
5 July 2019 | 22 replies
I’m a licensed real estate agent, an investor in real estate and a certified carpenter.
Jeffery Wilen
Guest request for video surveillance footage
1 July 2019 | 8 replies
Seemed the best course from a liability perspective, although naturally your best course of action may be different based on the reason they are requesting it.
Erin Auman
Feeling a little discouraged
3 July 2019 | 68 replies
Understand YOU and you can take over the world, you have the other side of the picture because you understand people and human nature.
Bryan T.
Do we need to worry about flood zones & flood insurance here?
2 July 2019 | 6 replies
Regrettably, everywhere has natural disasters, earthquake, wild fire, flood, hurricane, snow collapse.
Jose Manuel Castro
Looking for the "perfect" deal
20 August 2019 | 15 replies
Figure out what that fear is and overcome it if you want to "Play to win vs playing not to lose".It's natural to be afraid.
Sean Riggs
Lead paint in old house
3 July 2019 | 3 replies
I believe if you're preparing a pre-78 home for rent, even if you currently live there, you must be lead certified or use lead certified contractors.