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20 June 2024 | 7 replies
We found a tenant, signed a lease and collected the security deposit with a July 15 move in date.
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20 June 2024 | 4 replies
Man Ontario is tough on landlords.Can't charge application fees, can't collect security deposits and I've heard it can easily take a year to evict for nonpayment.Yikes!
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20 June 2024 | 16 replies
They would pay all utilities and maintenance on the property and provide 2 months security deposit.
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20 June 2024 | 0 replies
So for effectively $5-600/mo plus their mortgage payment they were able to secure their dream home and eventual coastal STR.
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21 June 2024 | 23 replies
Yes and wondering how they are dealing with potential securities issues or if it was through the crowd funding angle?
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20 June 2024 | 0 replies
Leveraging Brittney's local market expertise, we secured the property for $190,000.
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17 June 2024 | 2 replies
Has anyone heard of LGS Secures Financing LLC?
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20 June 2024 | 5 replies
I feel i’ve grown a bit fast for myself and now have secured 3 rental properties under my belt in one year - Two being out-of-state and one being my primary residence turned into a rental, which is what brought me to this question: does anyone know any real estate attorneys in Texas that can look over my lease agreement?
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17 June 2024 | 11 replies
For all of my properties, when I acquire them, I open two bank accounts: One for the traditional rent/maintenance, capex, etc. and one for security deposits.
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19 June 2024 | 32 replies
Both FNMA and FHLMC permit this, under the following circumstances: Notes: For all such transfers affecting mortgage loans purchased or securitized by Fannie Mae on or after June 1, 2016, the transferee is not required to occupy the propertya limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe 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).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.Citation: D1-4.1-02: Allowable Exemptions Due to the Type of Transfer (04/13/2022)Now, you will still have the Note and reporting in your name individually and will still be personally responsible for the mortgage and most likely, the manner of transfer will enable any litigant to pierce the veil of your LLC, but you'll have what you wanted, for whatever reason.