Is a Contract for Deed the best instrument in California for owner financing?

Also Ricky Stone with CMG Financial took care of the financial side of things and made sure I was approved and also was instrumental in getting me the down payment assistance.

Now be careful how you do this.. and use the proper instrument some states a QC may be trouble when you go to resell.. 

He was instrumental in getting us to jump into real estate investing.

@Vivek ShahBack in 2017, Fannie Mae quietly announced a change that allows transfers to LLCs under certain conditions:"The mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and the 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)."

Community center with pool, tennis, etc - 1min walkSchool district: 5-6-7Driving distances:Costco - 14minWalmart - 10minLakeline shopping mall - 11minAnd to the Tech side of things (big part of my speculation)Apple/Oracle/Accenture/TriNet - 7minElectronic Arts - 5minAmazon - 12minIBM - 12minDell - 14minVisa - 7minFlex - 6minCisco - 6minNvidia - 9minNational Instruments - 11minSamsung - 20min (insanely huge factory)Everyone above are huge huge employers with 100s-1000s of jobs and constantly hiring & expanding.Amazon is expanding to 800 new employees in “The Domain” new offices by 2020.Google expansion downtown Austin - 5000 new people, 800k sqft by 2022And to the best one!

Community center with pool, tennis, etc - 1min walkSchool district: 5-6-7Driving distances:Costco - 14minWalmart - 10minLakeline shopping mall - 11minAnd to the Tech side of things (big part of my speculation)Apple/Oracle/Accenture/TriNet - 7minElectronic Arts - 5minAmazon - 12minIBM - 12minDell - 14minVisa - 7minFlex - 6minCisco - 6minNvidia - 9minNational Instruments - 11minSamsung - 20min (insanely huge factory)Everyone above are huge huge employers with 100s-1000s of jobs and constantly hiring & expanding.Amazon is expanding to 800 new employees in “The Domain” new offices by 2020.Google expansion downtown Austin - 5000 new people, 800k sqft by 2022And to the best one!

Just secure their loan via a deed of trust or mortgage (whichever security instrument is used in your state) to the property being loaned on.

Section D1-4.1, Information Relating to Transfers of Ownership Applicable to All Mortgage LoansD1-4.1-01, Determining Whether a Transfer of Ownership Is Permitted (11/12/2014)[...]D1-4.1-02, Allowable Exemptions Due to the Type of TransferA transfer of the property [...] to [...] a limited liability company (LLC), provided that: the mortgage loan was purchased or scuritized by Fannie Mae on or after June 1, 2016, and the 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).Note: 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.

It has been so instrumental in my investing journey, and in my growth as a real estate agent.