Make sure you live there for the term the lender requires as part of your loan documents.

Hello, we just closed on 12/30/15 on a new property and part of the structure was taking over the LLC that was created for the intent of assigning to the end buyer which was my partner and I.We are getting push back from the bank on establishing an account because they see the previous member listed on the IRS document when the TIN # was established online.

Remember to document and include the mileage.Ask your CPA (hopefully it's someone who owns properties) to help you figure out what else you can categorize as business expense to write off against your rental income.

Eventually you will get one with the experience and documents you need.

you can authorize someone to sign documents for your LLCs.

http://www.nidusdev.com/files/documents/FairviewMe...Thanks!

John,Both parties have to be in agreement and should sign a legal well drafted document releasing the other, stipulating terms of the security deposit reimbursement.

I was sent a copy of the rent to own lease documents from the seller and it looks very vague.

Any such statement can be referred to as a “resolution”.NOTE that the document can be called a “resolution” or a “corporate resolution” because the word “corporation” or “corporate” is OFTEN used by accountants and attorneys to describe EITHER an actual corporation or an actual LLC.

Cash Reserves Required For Other Properties Owned by Investor; If the borrower has 1-4 mortgages, an additional two (2) months for every other SFR investment property and second home is required and additional six (6) months for every other 2-4 unit investment property and second homeIf the borrower has 5-10 mortgages, An additional six (6) months for every other investment property and second home.DELAYED FINANCING EXCEPTIONDelayed Financing ExceptionA cash-out refinance within six (6) months of a purchase transaction when no financing was obtained for the purchase transaction are allowed under the following parameters: The new loan amount is not more than the actual documented amount of the borrower’s initial investment in purchasing the property, plus the financing of closing costs, prepaid fees, and points (subject to the maximum LTV). 1.