
11 August 2023 | 18 replies
You've benefited from massive appreciation in a short amount of time, and I'm assuming you'd be able to save a lot of money relatively quickly to start building up your portfolio elsewhere, with more of an emphasis on cash flow.

18 August 2023 | 6 replies
I am sharing snippet of the relevant section from the Fannie Mae Servicing Guide (section D1-4.1-02), so both sections are can be found in this topic - emphasis on the LLC part is mine (Title is the direct URL link to the entire section on Fannie Mae Servicing Guide).Fannie Mae D1-4.1-02: Allowable Exemptions Due to the Type of TransferA transfer of the property (or, if the borrower is an inter vivos revocable trust, a transfer of a beneficial interest in the trust) toa relative of the deceased borrower (or, in the case of an inter vivos revocable trust borrower, to a relative of the individual who established the trust), as long as the transferee occupies the property;the spouse, child(ren), parent(s), brother(s) or sister(s), grandparent(s), or grandchild(ren) of the borrower (or, in the case of an inter vivos revocable trust borrower, of the individual who established the trust), as long as the transferee occupies the property;a spouse of the borrower (or, in the case of an inter vivos revocable trust borrower, of the individual who established the trust) under a divorce decree or legal separation agreement or from an incidental property settlement agreement, as long as the transferee will occupy the property;an inter vivos trust (or, if the borrower is an inter vivos revocable trust, into a new trust) provided that the borrower (or the individual who established the original inter vivos revocable trust) will be the beneficiary of the trust and the occupant of the property 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).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 property.a 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.

18 August 2023 | 3 replies
just to emphasis the impact of a huge emergency fund.

12 August 2023 | 5 replies
The appraisal you use will be a commercial appraisal with emphasis on the income approach with comparable sales used as an information tool rather than a way to derive value that's useful.

15 June 2022 | 21 replies
There was a good presentation on the pros and cons for different financing types, but one emphasis is that DSCR loans that have the greatest flexibility in qualifying and the least hurdles to get deals done in the near term.

20 July 2023 | 63 replies
When I was a kid, our house in north Idaho was going to be under a sheet of ice 10-20 feet thick due to global cooling...

5 July 2023 | 7 replies
following, and i appreciate the ask for evidence supporting one's opinion. personally, I think "no", and I agree with @Dan Maciejewski, that is barring any nationwide economic collapse (or worse, global).Looking at the numbers, we are at an absolute historic low on new home builds, albeit Housing Wire put out an article today indicating that builder sentiment is rising finally.

24 July 2023 | 17 replies
I appreciate the emphasis on understanding who the agent represents and their limitations in that capacity, as this clarity is vital in establishing a successful working relationship.Your explanation of the range of information that a member agent can provide, especially when it comes to local market statistics, historical data, and access to property tax information, was incredibly helpful.

19 July 2023 | 28 replies
Although I will say it seems like with global warming we are getting better weather here in the NW and places like Texas its just getting hotter and stronger T storms.

10 August 2023 | 11 replies
Does anyone know of a networking group in Los Angeles/Orange county that you would recommend to take part in that places emphasis on out of state investing?