All Forum Posts by: Brandy Y.

@ Christopher Bunge

thanks, been in touch with Mr Nobles at guild. appreciate. thanks

Hi all

Is anyone aware of any lender/bank that does the Fannie Mae 5 to 10 investor loans. Property in columbia SC. We meet the criteria.

Thanks

Since we have  quiet a few attorneys on this thread,

re due on sale clause , what  are the attorneys opinions re the change in the "due on sale " clause  based on the changes in fannie mae guidelines from Nov 2017, and proceeding with the same

https://www.fanniemae.com/content/guide/svc110817....

D1-4.1-02, Allowable Exemptions Due to the Type of Transfer

A transfer of the property [...] to [...] a limited liability company (LLC), provided that: the mortgage loan was purchased or scuritized by Fannie Mae on or after June 1, 2016, and the 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).

Thanks

P.S thanks to Chris Mason who posted this on this thread

https://www.biggerpockets.com/forums/49/topics/610...

Depends what day and our schedule, but day times work better. Thx

Living below your means and saving is the first step in personal finance.

American economy is based on consumer spending. 

The government is not interested in people living below their means. Quite a lot of adults arent interested either, they have to "catch up with Joneses".

Thanks Jon,

Never left BP; Just was learning from all the info here re RE. ; )

Some personal thoughts re 401 k and other tax deferred/tax free retirement plans , in particular for high income folks(? >250 k/yr). Thoughts based on some comments in the thread. Disclaimer: Not related to/in financial industry.

After retirement tax bracket/income is most likely going to be less than current tax bracket/income, though have far more net worth. Our tax law favors having less income (figuratively) and more net worth. Also after retirement expenses most likely less than current expenses as children flown coop, no need to put money away for retirement purposes etc. High income non real estate folks are looking for passive income- not interested in another real estate job like wholesaling, flipping etc. Other real estate investments that provide passive income are more attractive.

Lot of folks here with bias against investing in the financial markets. Understandably so , because majority americans lose money in stock market investing. However this is because of lack of financial knowledge. Several studies have shown active investing lags behind passive investing in returns. But still people think they/their financial advisor can beat the market. Not consistently after deducting the expenses of active management.

Google warren buffet and hedge fund bet. Again index investing doesn’t mean investing in S&P500.There is more to investing than expenses- asset allocation, diversification etc.

folks have lots of options.
Vanilla 401k/403b – 17.5 k contribution limit for employee, total 52k

Other 401ks including solo 401k have higher limits.

Also 457 if applicable

But again this is per job you hold. If you have more than one job/employer , the 401k limit aint 52k.

Read the new irs law re after tax 401k and roth ira for more options.

Income levels were not a barrier to Roth iras, even before the new law.

Then the triple benefit HSA(using it for retirement purposes); 529 based on your state laws; other options…

Highly compensated employee contributions depend on the type of employer safe harbor 401k. Savvy employers have better options.

There’s tax strategies in minimizing your taxes from these accounts on retirement. Lots of finance blogs based on passive investing cover those details – too long for one post.

Investing in Real estate and the finance industry (tax advantaged accounts), provides one with the benefits of both worlds, as one chooses.

Rob K
Thanks. figured that would be the case.

Would renovating a pre 1978 owner occupied house, fall under EPA lead RRP rules?
ie, Would the owner still need the contractor to be RRP certified?
thanks

Steven Hamilton II thanks, try to learn new things
This site is helping me learn about RE investing. Sure don't mind sharing stuff I learn from other places, besides RE.