While certain properties, like manufactured housing and senior housing, are exempt, most new loans will fall under these requirements.Developed in collaboration with the Federal Housing Finance Agency (FHFA), these policies are designed to enhance transparency and communication between landlords and tenants.

Aside from that responsiveness, transparency, and consistency should be at the top of your list.

i did a BRRRR last year that didn't work out after i rehabbed it so i sold it (selling a BRRRR = flip.)Thank you Nicholas for being transparent.

Did you guys figure out which forms to fill out for the New Corporate Transparency Act (Fincen)?

It is very important that you are transparent with the lender and give them the full picture so they don't feel like there is something they're not aware of.

Youll find out through time, trial and error that almost every lender can offer the same terms the one that will stand out is usually the one that is most responsive and transparent with their process.

Honesty/transparency IS the best policy...PERIOD.

We are happy to share:)We try to be as transparent in the process as we can, and try to respond to concerns as best we can.

Yes, the Beneficial Ownership Information (BOI) reporting requirement, part of the Corporate Transparency Act, took effect on January 1, 2024. 

However, the intention of the settlement was clarity and transparency and it achieves the exact opposite.