Michael Morrongiello
SAFELY providing Access to a FIRE DAMAGED House to Wholesale
13 February 2023 | 3 replies
To Appease their concern; I suggested that ANY and ALL on site visits to view the property would be supervised and that ALL visitors would be required to SIGN a Waiver Disclaimer - releasing US (as the Buyer/Wholesaler) and the Property owners/Seller from any liability.
Henley H.
Long term rental vs. short term rental taxes
24 August 2017 | 6 replies
A tax attorney won't necessarily have any better adviceThe guidance and interpretations is going to come from tax cases, regs and updates the IRS has released.
Juan Lopez
Applying as an individual and then transfering rights to an LLC
14 July 2021 | 26 replies
https://servicing-guide.fannie...This topic contains information on allowable exemptions due to the type of transfer.Unless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer:A transfer of the property (or, if the borrower is an inter vivos revocable trust, a transfer of a beneficial interest in the trust) toNotes: 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 property. 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).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.The way I read it, you can transfer to your LLC.
Marylin OShea
Why hosting via Airbnb makes sense in Annapolis
20 April 2022 | 10 replies
.* The Naval Academy's graduation week and related celebrations such as the Blue Angels air show, known as Commissioning week, at the end of May;* Boat show weeks - did you know there are two major boat shows in the Fall every year?
Cassie Villela
San Antonio Real Estate Market Update 11/17/21
23 November 2021 | 1 reply
However, we don’t have that yet because I believe Independence Title gets their data from the San Antonio Board of Realtors, and they release a monthly market statistics report, which is not out yet for this month.
Patrick Franta
New Construction CPR deal in Haiku
17 July 2022 | 2 replies
It was a new development not available to the public so I was able to reserve a lot before it was released.
Maria Checchin
Determining your repair values for rental flips
10 February 2023 | 2 replies
This will show you any complaints or issues, and tell you who the real owner is.Also check their Liability and Workers Comp insurance, and get lien releases before paying for each trade....
Andrew R.
Portfolio loan- can I sell just 1 home and 1031 exchange?
13 September 2019 | 1 reply
You'll want to negotiate a "partial release" with your lender for properties that you sell.
Troy Whitney
Modular construction for multifamily
17 January 2020 | 6 replies
@Troy Whitney My son is a union carpenter in Seattle and area, he recently worked on a multi story apartment building the developer was using components from a EU country-maybe Poland-they got most of the building up-walls and floors-the building started to accumulate moisture inside the wall components which were very water tight and would not release the liquid.
Ace Kaspar
My thoughts on the latest episode of On the Market
8 February 2023 | 13 replies
Additionally, the UHAUL report just released for 2022 showed SC and NC as the #3 and #4 most moved to state respectively.