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18 June 2024 | 5 replies
There are a lot of details that can be worked into this contract, and I wouldn't recommend going into an agreement without first talking to your real estate agent or a real estate lawyer.
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18 June 2024 | 6 replies
You can ask your agent what the range of cap rates are in your market so you can get a range of value.
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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 | 7 replies
Hey @Mohammad Islam, I'm an investor in Austin, TX and also provide lending services, would love to connect.
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17 June 2024 | 12 replies
I found a property, contacted an agent, made an offer.
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18 June 2024 | 14 replies
Use the cash out as down payment to buy another property in San Diego. 2) Sell the property to do 1031 into a bigger and nicer San Diego property. 10% of proceeds will go to renovation, agent fees and etc.
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17 June 2024 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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17 June 2024 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
18 June 2024 | 6 replies
The other options are in the creative financing space, either seller financing, or sub2, these options also can provide a sustainable cash flow model, because you are getting below market terms.
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17 June 2024 | 5 replies
They provide educational content and practical advice to prepare for your investment in a 4-plex.