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Buying & Selling Real Estate
HomeForumsBuying & Selling Real EstateAre lenders frowning on Individuals being listed on the HUD?
Ronald H.'s profile image
Ronald H.'s profile image
Ronald H.
  • Grounds Maintenance
  • from Winston Salem, NC
  • Member since May 20, 2009
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Ronald H.'s profile image
Ronald H.'s profile image
Ronald H.
  • Grounds Maintenance
  • from Winston Salem, NC
  • Member since May 20, 2009
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Ronald H.
  • Grounds Maintenance
  • Winston Salem, NC
11
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143
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Buying & Selling Real Estate

Are lenders frowning on Individuals being listed on the HUD?

Ronald H.
  • Grounds Maintenance
  • Winston Salem, NC
Posted Sep 29 2011, 17:40

Simple and straigh forward question but important to me.

Are any of you folks wholesaling as an indivdual?

I heard a few years back, that some lenders are frowning on Individuals being listed as a payee on the HUD statement.

I am going to form an LLC but it would be more convenient for me at this time start business as an individual, get my feet wet and then after the second or third transaction incorporate.

This is important to me. Is anyone doing this and in what state. If someone from Massachusetts could answer this, that would be great because that is where I plan on doing business.

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