Thank you Hi Mary this is a different topic thread but Fannie used to count all properties in entities as "financed properties," as long as you owned more than 25% in that entity as documented by your annual K1 form which your LP/LLC/Scorp/flow through entity will show your ownership percentage.This meant that even if the mortgage note was in the LLC's name and the title was in the LLC's name you'd still be hit with these properties as financed properties as long as you owned more than 25% of the company/entity.Fannie has evolved their language on how they count financed properties in late 2017.Now their emphasis is on you being "personally obligated," on the note or basically if you're personally obligated on the note/mortgage/paper instrument.A real life experience or example is that most local credit unions or community banks that use the same loan origination software  will make you sign make you sign the mortgage note as a manager of your LLC however the personal guarantee (PG) is a separate document.

Hello Bigger Pockets community!

New to the BP community, looking to meet some interesting motivated people around the Saint Louis and Saint Charles County area.

Hi,    I have an investment townhouse in PA on a golf resort community which came with what I believe to be a deeded garage. 

Definitely start jumping into the community here and feel free to ask any questions related to Real Estate investing!

Go looking to be part of a "community", no different than here. 

My client does have 25 years experience investing in long term holds and fix and flips, but maybe a hotel to assisted living community conversion is not something a lot of people are comfortable investing in quite yet. 

Hey BP Community.

Welcome to the local community @Stephen Rossi!

hi bp community- pretty basic question, but looking for options to finance a flipwith my current situation:Own a 4 unit conventional residential loan -not commercialPrimary with equity and conventional res loan.