Megan Cauble
Can a mortgaged property by an individual be titled as an LLC?
3 January 2019 | 4 replies
You can make this transfer to a limited liability company (LLC), provided that "The 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).Note: 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."
Account Closed
Where do I go for partners?
8 January 2019 | 4 replies
Most partnerships do split in time and a big majority are not friendly when done.
Dan Taylor
Intro from a contrarian.
9 January 2019 | 18 replies
Even if a property isn't 100% perfect, as long as it meets your major criteria, jump in and make at least one of those goals a reality -- and sooner than later!
Caleb Anderson
Tenant Backing Out of a 2 Year Lease After 3 Months!
30 January 2019 | 34 replies
I can definitely see the appeal of longer leases when dealing with Class A tenants, or any tenant really if you’re in a landlord friendly state and evictions aren’t a major concern.
Itteahad Zihan
Cancellation Foreclosure Auction
3 January 2019 | 3 replies
I would never suggest bankruptcy as a first option, sellers credit takes a major hit.
Dylan Henry Main
First Time Investor Triplex
12 January 2019 | 8 replies
I would make sure whatever you buy the 1st time there are no major concerns i.e roof, septic, furnace, that's pretty much the most expensive things on the list.
Pamela Morrison
Family Equity Investment
3 January 2019 | 0 replies
My husband is a contractor and was able to do a majority of the work.
Sean McCluskey
Do you ever walk away from a BRRRR?
7 January 2019 | 10 replies
I have certain school districts that I don't buy in because I think re-sale will be a major problem, and I don't buy in D class areas.
Nathan Spradlin
Need help analyzing four plex. My first four plex
3 January 2019 | 2 replies
Some major capital expenditures were recently done and seems to be in a good area.
Marty Summers
I need some inspiration
21 January 2019 | 19 replies
I’ve been very happy with my successes, and I’ve been able to accept my failures with calm and been able to limit the damage to where the few loses didn’t have a majority pact on my net worth.