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1 August 2015 | 26 replies
FHA/traditional loans are limited to no more than 4 individual loans per person (you can't buy in the LLC name) and no more than four units (doors) per loan.
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19 October 2017 | 7 replies
(This is considered to be the same as total ownership of an individual property).Note: Other properties owned or financed jointly by the borrower and co-borrower are only counted once. Joint or total ownership of a property that is held in the name of a corporation or S-corporation, even if the borrower is the ownerof the corporation; however, the financing is in the name of the borrower. Obligation on a mortgage debt for a residential property (regardless of whether or not the borrower is an owner of the property). Ownership of property that is held in the name of a limited liability company (LLC) or partnership where the borrower(s) havean individual or combined ownership in the LLC or partnership of 25% or more, regardless of the entity (or borrower) that is theobligor on the mortgage. Ownership of a property that is held in the name of an LLC or partnership where the borrower(s) have an individual or combinedownership in the LLC or partnership of less than 25% and the financing is in the name of the borrower. Ownership of a manufactured home and the land on which it is situated that is titled as real propertyType of Property Ownership NOT to include in Financed Property Count: Ownership of commercial real estate. Ownership of a multifamily property consisting of more than four dwelling units. Joint or total ownership of a property that is held in the name of a corporation or S-corporation, even if the borrower is the owner of the corporation and the financing is in the name of the corporation or S-corporation. Ownership in a timeshare. Ownership of a vacant (residential) lot. Ownership of a property that is held in the name of an LLC or partnership where the borrower(s) have an individual or combinedownership in the LLC or partnership of less than 25% and the financing is in the name of the LLC or partnership. Ownership of a manufactured home on a leasehold estate not titled as real property (chattel lien on the home).
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4 August 2015 | 12 replies
We do disclose the license in all our marketing pieces, and even have a simple clause in our contracts to disclose it.Legally, there can be a higher bar set for licensed individuals.
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15 December 2016 | 58 replies
After a certain point, more money isn't going to make me more happy.In terms of that being too many individual properties, I guess you are right.
12 August 2015 | 1 reply
I realize I would need to show individual credit but it would have at least 70% ltv.
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31 July 2015 | 7 replies
Although I have spent most of my career in the Oil and Gas industry both here in America and overseas, I have always had a romance with real estate and have recently decided to jump ALL IN and am looking for like minded individuals interested in working together in the creative investment aspects of the business.
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31 July 2015 | 18 replies
I know some have posted end of rounds but assuming your buyer is an individual getting a loan your going to have to wait
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30 July 2015 | 1 reply
Individually metering each unit, flooring and reset capable locks are popular.
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3 August 2015 | 12 replies
@Adrian ChuWhere you thinking about renting them at a central location or delivering them to an individual's house?
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2 August 2015 | 3 replies
I want to connect with successful professional individuals that can mentor me on my journey.