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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."
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3 January 2019 | 2 replies
I think looking ahead, limiting RSA5 in neighborhoods like Brewerytown, Point Breeze, Grays Ferry, could help facilitate the movement back into the city
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2 April 2019 | 2 replies
I tell them, "congratulations, you just earned a "C" on your report card.When the code doesn't demand something it's a hard sell “green” to most clients/investors who have a limited budget and need every dollar for their projects.
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3 January 2019 | 3 replies
If you are a complete beginner with limited knowledge and experience then I think it's best to hire a professional until you're in a better position to take over.Even the most experienced investor may be wise to use a property manager because the PM can handle the mundane day-to-day tasks while the investor focuses on building the business.
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4 January 2019 | 8 replies
After completion of the sale, we transferred title to all three properties into an AZ Limited Liability Corp (LLC) using a General Warranty Deed.
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9 January 2019 | 18 replies
Most of my peers, including myself exchange time for money through hourly wage, getting into passive revenue streams is contrary to prevailing thinking which limits brainstorming opportunities.
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10 January 2019 | 13 replies
My limited research seemed to point to the solo 401k being the way to go if you can make it happen.
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4 January 2019 | 8 replies
Don't know the law in Maryland, can't give you a certain answer on time limits.
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18 January 2019 | 17 replies
I'm starting from very limited knowledge, however I'm eager to learn and looking forward to getting started!
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5 January 2019 | 1 reply
I have very limited in knowledge of remodeling other than reading horror stories.