For this refinance transaction, the borrower(s) must meet Fannie Mae’s borrower eligibility requirements as described in B2-2-01, General Borrower Eligibility RequirementsThe borrower(s) may have initially purchased the property as one of the following: a natural person; an eligible inter vivos revocable trust, when the borrower is both the individual establishing the trust and the beneficiary of the trust; an eligible land trust when the borrower is the beneficiary of the land trust; or an LLC or partnership in which the borrower(s) have an individual or joint ownership of 100%.  

To the Texas Wholesalers using the TREC One2017 to Four Family Contract, With the new laws that went into effect on Sept 1st, 2017, how have you amended your TREC Contract to abide by the new laws requiring the Disclosure of the nature of the equitable interest to any potential buyer?

Also you lose some natural light and it has a bit of a stigma to have units in the windows.

But I do have $33,000 in a legacy rollover IRA that a certified financial planner invests for me, and I will tell you that I think of that money as peanuts when it comes to retirement income, as any reasonable person should.All the people I am still in touch with from high school and college have, at best, two nice cars, a nice home, a stack of monthly bills a mile high, family photos take by professionals, and money saved up in a 401K.

I believe the natural progression of business will take you where you are most suited if you just start.

Those reserves would have been lost and in a free market the repercussions of the implosion would naturally be deflationary.

.- I think the Mortgage Interest $150 and Escrow/Taxes & Insurance of $50 would be on the Income Statement as they are expenses that are not capital in nature?

DefinitionsAs used in this subchapter --(1) The term "Bureau" means the Bureau of Consumer Financial Protection.(2) The term "communication" means the conveying of information regarding a debt directly or indirectly to any person through any medium.(3) The term "consumer" means any natural person obligated or allegedly obligated to pay any debt.(4) The term "creditor" means any person who offers or extends credit creating a debt or to whom a debt is owed, but such term does not include any person to the extent that he receives an assignment or transfer of a debt in default solely for the purpose of facilitating collection of such debt for another.(5) The term "debt" means any obligation or alleged obligation of a consumer to pay money arising out of a transaction in which the money, property, insurance or services which are the subject of the transaction are primarily for personal, family, or household purposes, whether or not such obligation has been reduced to judgment.(6) The term "debt collector" means any person who uses any instrumentality of interstate commerce or the mails in any business the principal purpose of which is the collection of any debts, or who regularly collects or attempts to collect, directly or indirectly, debts owed or due or asserted to be owed or due another.

My question is, if I line up a qualified tenant now (or soon):Do I have them sign a lease now (for a lease term obviously beginning Aug 1) or Do we sign a deposit to hold agreement now, then sign the lease Aug 1 when they move in, hand over keys, and provide first and last month rent via certified funds.In either case I plan to take a deposit to hold now that would roll into their security deposit.Obviously the above assumes their application, credit check etc. all checks out.    

Partly because I really want to see the place before they get in and "clean"...see the true nature of the mess.