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13 November 2018 | 2 replies
Fannie Mae (conventional) considers a property owned in a LLC that your the majority member of to be personally owned.
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20 February 2019 | 5 replies
-Wednesday, November 14th 2018 at 3:45pm-Joliet City Hall – 150 W Jefferson Street, Joliet, ILOne member of the Land Use Committee has been demonizing rental housing in Joliet and pushing for these inspections even though: The VAST Majority of property complaints are for owner/occupied housesRental inspections would cost the City at least a half a million dollars a yearRSVP by replying to this message and be sure to spread the word to landlords and property investors in and around Joliet.
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27 December 2018 | 8 replies
The online sales across the USA of bank-owned properties allow a window before closing that hard money (and private $) lenders need - often times you pay 5% of the winning online bid and your closing 30+ days later works for the requirements of the lenders.
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13 November 2018 | 1 reply
Since you're in your second year of school, ask yourself whether your major gives you any marketable skills.
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2 January 2021 | 1 reply
Many of the units in our complex are vacation homes so these "reserved spots" sit empty for the majority of the week.
13 November 2018 | 1 reply
It was acquired by CoStar last week, so I imagine that the interface and some features will be changing soon.By the way, if you are looking for accounting software, I recommend checking into Quickbooks Online.
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21 November 2018 | 7 replies
Since we have quiet a few attorneys on this thread,re due on sale clause , what are the attorneys opinions re the change in the "due on sale " clause based on the changes in fannie mae guidelines from Nov 2017, and proceeding with the samehttps://www.fanniemae.com/content/guide/svc110817....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).ThanksP.S thanks to Chris Mason who posted this on this threadhttps://www.biggerpockets.com/forums/49/topics/610...
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3 December 2018 | 3 replies
Majorly improved the online VRBO and AirBnb listings to attract more renters.
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25 January 2019 | 3 replies
(No more “the check is in the mail” excuses) It would be great to apply a discount to my recurring payment for QB online!
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14 November 2018 | 7 replies
A major expense is commissions for CCards that I’d like to move away from.