
19 November 2017 | 13 replies
Thank you Hi Mary this is a different topic thread but Fannie used to count all properties in entities as "financed properties," as long as you owned more than 25% in that entity as documented by your annual K1 form which your LP/LLC/Scorp/flow through entity will show your ownership percentage.This meant that even if the mortgage note was in the LLC's name and the title was in the LLC's name you'd still be hit with these properties as financed properties as long as you owned more than 25% of the company/entity.Fannie has evolved their language on how they count financed properties in late 2017.Now their emphasis is on you being "personally obligated," on the note or basically if you're personally obligated on the note/mortgage/paper instrument.A real life experience or example is that most local credit unions or community banks that use the same loan origination software will make you sign make you sign the mortgage note as a manager of your LLC however the personal guarantee (PG) is a separate document.

26 January 2020 | 30 replies
I would be ever interested in attending

22 November 2017 | 6 replies
I don't ever suggest you return it to the tenant and force the new owner to get it back because that could be a real mess.As others have said, you should get an estoppel certificate during your inspection phase and then provide clear instructions regarding the transfer of funds and other items so all parties are clear.

4 December 2017 | 17 replies
Can you guarantee nothing will ever happen?

20 November 2017 | 14 replies
Been in this business 20 years and never have ever had anyone offer that type of return or even close to it.

16 December 2017 | 8 replies
Take the time to set those up.If you ever want to grab coffee, let me know.

15 October 2020 | 26 replies
For job site where perfect accuracy is never required I buy what ever brand name is on sale at the time provided it has a good locking fence system.I have had various brand names and and all work about the same and last about as long.

21 November 2017 | 1 reply
Hi all,I'm just curious, when making offers in competitive markets, have you ever had to "sweeten" your offer?

6 July 2020 | 24 replies
Raleigh is no Shenzhen, but for locals here for 35 years it may be as close to it as we will probably ever experience.

22 November 2017 | 6 replies
One major benefit from that will also be the ability to utilize one management company and if you ever do visit the properties it is an easier process.