Creating an entity solely owned by the same individual who is the mortgagee of the property in order to bypass FNMA seasoning guidelines sounds pretty shaky in a legal world intent and form are considered over formality and function.Once again- Didn't go to law school, but I wouldn't advise any of my buyers use this method when purchasing a property from me.In addition- I'm not sure the result of doing this would be any different than delayed financing.

The establishment of the legal documents will take you verbalizing your intentions and business plan to the securities attorney.

Ill the staff designing it was let go. 

I’m sure ill Have more questions after.

I believe that in the future, Ill be making a contract that states the amount that they want as well as everything that needs to be completed in order to be paid that amount.

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

Subtract your purchase price from your net sales price and you'll get an approximate idea of what your gain really is.If your profit is truly $400K over the $500K allowed by law then I think you're on to a great plan - move out, turn it into a rental, establish your intent to hold for investment. 

We had a client ready to purchase in the PB area with the intent to max out the FAR and after reaching out to our city planner we discover it was not going to be that simple. 

That doesn't make any sense.Your final intent is to sell the home and cash out the equity, so just do that.

I hope to begin with either flipping or BRRRR investing.I just recently started the real estate license course but my intention is not to quit my current job and use the license more passively for my own deals and some friends.