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Lending wherever you want to call “home” ❤ in all 50 states.
In this video:
00:00 Introduction: the LLC lending dilemma?
00:49 Real estate is a great investment but comes with risks versus stock and bonds
01:17 LLCs are a way to mitigate the risk
01:42 How do LLCs affect lending?
02:30 Fannie Mae guidelines and how they impact LLCs
04:34 The Old Way of dealing with this dilemma
05:58 Good news!
06:32 What are Fannie Mae’s rules?
07:26 Do you need permission to transfer title?
07:38 What’s the process?
08:17 What are Freddie Mac’s rules?
09:22 One bad thing about Freddie Mac’s rules
09:55 The role your lender plays
10:21 How to tell if your loan is Freddie Mac or Fannie Mae
11:04 What about FHA, VA or USDA loans?
11:24 When you want to put title back in your name
11:56 What about 1031 exchanges?
13:08 Importance of 1031 exchange experts
13:16 Tax implications of LLCs
Julee Felsman, SVP of Mortgage Lending NMLS 120831
Guaranteed Rate Inc NMLS 2611 Equal Housing Lender.
www.nmlsconsumeraccess.org
www.rate.com/licensing
www.rate.com/privacy
#LLCMortgageRules #LLCLendingRules #RealEstateLLC #RealEstateInvesting
Branch address: 1300 SE Stark St Ste 111, Portland, OR 97214
State Licenses:
AK AK120831, AL 73482, AR 117882, AZ 1002329, CA CADBO120831, CO 100514850, CT LO120831, DC MLO120831, DE MLO 120831, FL LO66603, GA 67474, HI HI120831, IA 34589, ID MLO2080120831, IL 031.0056868, IN 42483, KS LO.0039957, KY MC713848, LA Licensed, MA MLO120831, MD 120831, ME Licensed, MI 120831, MN MNMLO120831, MO MO120831, MS 120831, MT 120831, NC I187748, ND NDMLO120831, NE Licensed, NH Licensed, NJ Licensed, NM Licensed, NV 65660, NY Licensed, OH MLOOH.120831, OK MLO21956, OR Licensed, PA 74700, RI Licensed, SC MLO 120831, SD MLO.09183, TN 203658, TX Licensed, UT 12003187, VA MLO41738VA, VT VT120831, WA MLO120831, WI 120831, WV LO120831, WY 8673
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information.
All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate, Inc. Guaranteed Rate, Inc. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.
Content found in these videos is public information. However, all information including text, photographs, etc. is copyrighted and is protected by United States and international copyright laws. These videos may not be used, reproduced, or distributed for commercial purposes without prior written consent from Julee Felsman and Guaranteed Rate.