Has anyone been able to secure a LOC or HELOC against multiple residential properties held under LLC names?

You driving there and having work held up due to no direction to the subs will cost monet in the long run

Jumbo loans like all other residential loans can be put into securities or held in portfolio's.

The issues are actually more complicated than it looks because the property was held as a rental property first and then converted to your primary residence.

You never know how the sheets will be split between parting partners.Avoid potential issues, hold all major players responsible, enforce terms jointly and severally, take the position to collect amounts due from the most economical path in a timely manner.It's prudent lending practice, failing to do so is poor management identified by regulators for insured institutional lenders if major players are not held responsible.

You do not have to actually become a real estate salesman to take the course. you may want to actually take the State test and have the license held at the State in case you decide to follow that career path.

Then the lien they held should be satisfied and they also loose their superiority to any junior interested parties.

Denice:Actually there is a very well attended REIA Mastermind meeting held every Thursday at Big Daddies (9070 Research Blvd) @ 11:30 AM.

It is a great resource.There's an unofficial BP meet up the second Wednesday of the month, held at the Starbucks inside Randalls @ 3300 Bee Caves Rd, 10 AM.

Please save your money and attend the FREE REI groups held around you local area.These self proclaimed gurus make it rich of seminars etc.