Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
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. 
Ember Meadows Closing on a Wholesale Deal
18 June 2024 | 69 replies
Caleb Thurston there is the purchase contract between you and the seller.
Angela A. Cash Out, Sell or Stay Put?
18 June 2024 | 14 replies
Angela, refinancing your property at the current lower rate (Today's 15yr fixed purchase rate: 6.8% APR) can fund a down payment for another property, enhancing your portfolio. 
Greg Teplansky Selling Fractional Shares of Real Estate on a short term rental
18 June 2024 | 8 replies
I like the idea of selling shares to pay down the mortgage I'd have on it or use it for the next purchase, maybe a 1031. 
Mike A. Deal analysis - White Plains
19 June 2024 | 17 replies
ANOTHER pen and paper analysis, Coffee shop millionaires :) I NEVER use a calculator, no need, welI........I stopped readying after the 1 mill purchased and gross of about 80, NOTHING else matters.
Renzo Roffmann New investor needs advice - Cleveland OH
18 June 2024 | 2 replies
A little bit about my experience in Real Estate… I started a couple years ago doing some house flips in Detroit ( It was a 2 year plan) then decided to sell everything, moved to Washington DC which can’t afford anything in the DMV area but last year I purchased a very nice 3500 SQFT Duplex in Shaker Heights, suburb of Cleveland. 
Corey Schneider BRRRR Partnership Calculator
18 June 2024 | 7 replies
Hard Money will fund 90% of the purchase price and 100% of the rehab on a draw schedule.
Pete Harper Tiny Home Development
19 June 2024 | 9 replies
Ed, The deal fell through on the land we were going to purchase
David Song 1031 exchange from 2 properties into 1
18 June 2024 | 5 replies
That is not an issue.the question is how to coordinate the two sales and one purchase. if it’s too complicated, may just pay the capital gain tax.Quote from @Bill B.: You lost all hope at step 1.
Jonathan Greene The Key To The Industry Moving Forward Is Transparency
19 June 2024 | 4 replies
So, with no foundational knowledge of real property, and no capital, his only alternatives are (1) “bluff” the homeowner into thinking he has the money and intent to close the purchase himself and or convince the homeowner he has an extensive list of cash ready interested buyers (“partners”) with whom he’s done dozens of prior deals or (2) pack up shop, write off the money invested in mentoring to a worthless investment, and decide IF real estate is right for home.