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19 June 2024 | 10 replies
I would check a local RE attorney perhaps, every state has different rules for establishing residency.
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18 June 2024 | 4 replies
In terms of opening a bank account, most of them will ask for a local address but a lot of the online banks may not verify it.
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18 June 2024 | 10 replies
Come June 26, 2024, I'll be making a move to your vibrant city, and I'm already thrilled to join the local real estate scene.With 10 months ahead of the move, I'm eager to connect with like-minded individuals, understand the neighborhoods, and explore potential investment opportunities.
16 June 2024 | 5 replies
I'm finding that some of our inquiries are from locals who are for one reason or another seeking month to month leases.
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18 June 2024 | 8 replies
Assuming she's on a month to month and your local laws only require 30 days' notice, you have two options. 1) Give her notice and tell her if she finds something sooner (eg June 1) and wants to move before that, you're okay with it. 2) refuse payment for the rest of May's rent as she's already late and start with the eviction.
23 June 2024 | 25 replies
Primarily I will be running local ads and posting signs to get motivated sellers contact me.
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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.
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18 June 2024 | 18 replies
Seeking partners who possess a keen understanding of local real estate dynamics and can offer valuable insights into promising investment opportunities.
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16 June 2024 | 1 reply
Qualified home energy raters/assessors must be trained and certified as one of the following:Building Performance Institute Building Analyst ProfessionalBuilding Performance Institute Home Energy Professional Energy AuditorResidential Energy Services Network Home Energy Rater; orenergy rater, assessor or auditor who meets local or state jurisdictional requirements for conducting residential energy audits or assessments, including training, certification, licensure, and insurance requirements.How Much of an Energy Package can Be Financed?
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19 June 2024 | 4 replies
It highlights that you are a new investor and local to the property.If you are a wholesaler, explain the process and show them what funds you will use to buy or hold the property. 99% won't do this.