I wonder if this is why BC passed that anti flipping sur charge .. to keep this stuff from happening.At least in Oregon it boils down to do you own it or do you not.. 

Know the history of your market folks.The reason real estate prices in LA and SF are going up is because of our anti-development government agencies.

Her husband does a lot of volunteer work for the HOA, and she tells me of grumbling by resident owners calling absentee owners leeches, and from time to time, I get to vote on bylaw changes that could be called anti-absentee owner.I can see if one tenant snuck in via a land contract, the next thing you know there'll be a bylaw change prohibiting it.

.), 8-13-20) This city is still having a more-or-less anti-ADU attitude.....

Some wendys, burger king, subway , wendy's , veggie grill restaurant operator is filing bankruptcy this week ; these are kind of news that would affect hospitality sector and would grow to something even bigger .... yes the Fed may kill the inflation but by killing the people LOL ; these kind of news would create lot more CRE distress especially in NNN.Sometimes I do think the American government are really anti business.

You are shooting yourself in the foot by trying to finance a STR with a DSCR Loan with a lender like this (anti-STR)

In wholesaling you're more likely to need an attorney to defend you than in doing the paper shuffle.I'm not anti-wholesaling, I did one a few months ago to help a friend of a friend.The issue I have is with the promotional side of telling new people getting into RE that it's the place to start and that it's simple.

Hi Lynn,Why not call the bank and find out what they mean.They might want a corporate/LLC "Resolution" adopting them, and/or a "Resolution" allowing you to open the account.States differ on their laws, and banks in different states will differ on what they want to open a business account.There are also Federal anti-money laundering laws the bank must follow as to what they want.It's probably best to just get on the phone and ask them.You will have to do exactly as they ask, or they won't open the account.

People who are anti-HELOC for BRRRRs usually are concerned about the liens against their personal home and that keeps them up at night.

P.S. for those who think I am anti wholesaling you would be wrong, and I actually teach it here, but the correct way.