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15 August 2024 | 23 replies
HI Dara,If you own more than 50% of the LLC and can prove that you own it via operating agreement IE you’re the manager or member for 51%+ you can use conventional financing to close on this refinance out of your LLC (you will need to quit claim deed it back to your personal name and update the preliminary title report prior to closing conventional).Fannie doesn’t care about seasoning and timing however if you opt to use Freddie Mac there is a 51%+ ownership of the LLC required and or 12 months payments or occupancy required so freddie is way tougher for their continuity of obligation (COO) requirements.
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12 August 2024 | 14 replies
I don't know a ton about tax lien investing but my advice for note investors is to be selective as to when you order title reports (can get pricey if you run too many), but it can be wise to pay a bit more (two-owner search, for example) for a more thorough search for those assets you are likely to purchase.
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12 August 2024 | 4 replies
Collections agencies have different levels of collection success rates and some offer credit reporting some do not.
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14 August 2024 | 63 replies
I know this is an old thread but are there any success stories to report on Peter's program?
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12 August 2024 | 6 replies
Box A is direct lender charges, box B are things the lender is making you get that you cannot shop for (for instance, the appraisal or credit report), and box C is closing costs that you can shop/control- Lenders can move things around between boxes A and B to change the way costs appear.
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12 August 2024 | 1 reply
This significant decline in mortgage rates could be a reaction to a worse-than-expected July employment report and recent stock market volatility, according to Sam Khater, Freddie Mac's chief economist.2.
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13 August 2024 | 97 replies
Sprinkler system check Mot all of this, excluding the plumbing, will be on the $500 inspection report with a well rated local filling you in on all the details with pics.
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13 August 2024 | 24 replies
Today, Freddie Mac reports 30 year fixed mortgage rates at 7.22%.
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12 August 2024 | 5 replies
You should get on @jasonwagner's distribution list for his Wagner report (google it).