Let’s hypothesize: Split your RE operation into two distinct lines of business 1.

Ibrahim S,It is distinctly possible that it may be able to get it discharged.

Yes, there's some that only do non owner occupied but it's not a monolithic among hard money lenders so the fact that we're debating that point shows some want to be message board know it alls instead of just giving feedback.Saying the lender owns the property is a distinction without a difference.

HOWEVER, most FHLMC/FMNA / SECONDARY MARKET institutional lenders require that the originator have the NMLS endorsement for ANY 1-4 family loan, whether or not the loan is for consumer purposes, so many people think that is the law, which it's not.I believe that 90% of the people in the lending industry aren't aware of this distinction.

It is a subtle but important distinction.

Called an L3C, it is an entity distinct from an LLC.

The reason I wanted to have the property in the LLC name was mainly so that the rent check would be to the LLC as opposed to my personal name for privacy and business distinction purposes.

One of the distinctions between being a truly abandoned or orphan property vs. mere vacant is that the former does not show any signs that anyone cares.

I started investing in 2012 and distinctly remember my first purchase (thought I was going to puke), then when it was rented (thought I had won the lottery) then after about 2 months of collecting rent, remember wanting to ride that rollercoaster again.Good luck!

As soon as I walked in i chuckled at the very distinct smell of air freshener and marijuana.On another property, it wasn't what we found at the property, but what we found at the Police department and building and safety.