Germain Depository Institutions Regulation Act of 1982, provides an exemption to the Due on Sale Clause being triggered if the property is transferred to a relative as a function of the death of the borrower.

Also depending on the lending institution you use for financing the construction loan they will require typically 20% in the deal from your end and if you have the land in your ownership for 12 months few will do 6 months then you can use that.

My questions are:1) Does anyone have any recommendations for any local area Western Washington financial institutions that I should look up.2) Are there any institutions that are more flexible with LLC investing than others?

There is no magic number.As for relying on what a financial institution may use as a rule of thumb, just remember the financial disasters they recently went through and the more than 1000 of them that are no longer in existence, include Merrill Lynch.I also suggest reviewing your personal situation in great detail.

I discussed refinance options with my financial institution.

Assumptions and appraisals will send you down the same road many institutional lenders traveled in recent years.Another word of caution, do not set your borrower up for failure.

Some sellers have done the second lien and institutional lenders as well.

Thanks Guys..We need to try and find an Institution that will allow some potential rental income based on new rental income since we do not have up to 2 years shown on tax returns can any one suggest such Banks?

All sales prices must be supported & approved by the chain of command at financial institutions.

Is there anyone in MA that can help me with wholesales..i am new and would like some guidance