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Due on sale clause was called by bank!Due on sale . . . - BiggerPockets I recently received a letter from one of my lenders (Flagstar bank) calling out a deed transfer I made around 2-3 years ago I transferred a deed via quitclaim from my name into an LLC The loan was secured in my name as it was one of my first 4 Fannie loans They noticed that I had a named insured of my LLC added to my insurance
Flagstar Loan COVID Forbearance OptionsFlagstar Loan COVID Forbearance . . . Hi all, Just wanted to post a quick re-cap of the options that were laid out for me during my recent phone call with Flagstar Loans Put my duplex into forbearance at start of COVID and as I am gearing up to move out of forbearance I wanted to assess my options I spoke with four different representatives and received four different responses
Flagstar Bank requiring personal banking accountFlagstar Bank requiring . . . This is a new one for us We received a notice from Flagstar stating that starting in January 2021 they will no longer be accepting mortgage payments from business accounts We set up business accounts for each of our properties (this is the only one with Flagstar) The mortgage is a conventional primary residence for our 4 plex that we house hack It seems ridiculous to us that a bank would
$100K Year Passive Income with Cheap, Small, Repeatable Rentals This investor is making $100,000 per year with small, affordable, repeatable rental properties He started investing years ago but recently bought another home-run rental for just $87,000, which will continue to boost his passive income
How This 22-Year-Old Bought a Duplex with 5% Down and Zero Experience He had no money, no experience, and no idea how to renovate a house… but he still pulled off two real estate deals by 22 Welcome back to the Real Estate Rookie podcast! Today’s guest, Steele Evangelisti, shares how he went from a 16-year-old stock dabbler to a full-time W2 employee buying a duplex right out of college With just a 5% down conventional loan, $3K in seller assist, and pure