Tyler Prosser
Combining Section 121 and 1031
21 June 2024 | 6 replies
Utilize the 121 Exemption: Use the $250k (single) or $500k (married) tax exemption after renting for two years to supplement long-term care costs.3.
Julie Muse
W 136th Ave Flip: Cedar Lake Success with Ron Rowan!
21 June 2024 | 0 replies
Our financial support demonstrated our commitment to providing the necessary resources for successful real estate investments, enabling a smooth and profitable transaction in collaboration with our partner, Ron Rowan.
Ashni Modi
Out of state investing for Californians
24 June 2024 | 58 replies
In these cities, your financial resources will go a long way enabling you to assemble a diverse multifamily portfolio and initiate a steady stream of income.
Julie Muse
Church Street Flip: Profitable Baltimore Success with Brittney Sciandra!
20 June 2024 | 0 replies
Our financial support demonstrated our commitment to providing the necessary resources for successful real estate investments, enabling a smooth and profitable transaction in collaboration with our partner, Brittney Sciandra.
Kyle Allen
Colorado LTR vs MTR cashflow
21 June 2024 | 13 replies
The majority of our deals for investors are house hacks to help supplement a large portion of rent or rent by the room.
Kiran Yella
North Carolina rental investment RTP area or Charlotte
20 June 2024 | 9 replies
The idea is eventually the rental income to supplement retirement.
Olivier Colson
Real Estate Growth strategy - need advise
21 June 2024 | 21 replies
This might mean sharing profits, but it can also enable you to scale faster.- Consider Short-Term Rentals: Since you're in upstate NY, short-term vacation rentals could be lucrative, especially if you can manage them efficiently.
Marlia Stone
Investment Property Gone Bad
23 June 2024 | 67 replies
An outsized percentage of them are guys who never quite made it in the trades and decided to get their home inspector's license to supplement a not-so-steady income from other sources.
Nicholas Lilly
Series Limited Liability Company (LLC)
19 June 2024 | 3 replies
Generally, under the certificate of formation, under the supplemental text section of the form, you add the series information.
Daniel Colon
Lender won't let me move the property to my LLC
19 June 2024 | 32 replies
Both FNMA and FHLMC permit this, under the following circumstances: 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 propertya 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.Citation: D1-4.1-02: Allowable Exemptions Due to the Type of Transfer (04/13/2022)Now, you will still have the Note and reporting in your name individually and will still be personally responsible for the mortgage and most likely, the manner of transfer will enable any litigant to pierce the veil of your LLC, but you'll have what you wanted, for whatever reason.