Recently, Fannie Mae enacted a few changes in regards to transferring the ownership of investment properties into entities such as an LLC. You may remember the recent video I filmed on this topic, but, of course, things have changed again. This time, there are essentially three points you need to know.
1. The loan must have been securitized by June 1, 2016 or later. This means you must have closed on or after this date in order to carry out this kind of transfer in ownership.
2. The LLC must be in good standing with the state.
3. You must be the majority owner of the LLC.
This recent change is actually very positive. A lot of my investor clients have taken advantage of it already.
If you or someone you know is thinking of investing in real estate, please think of us at Guardian Mortgage. We have a lot of experience and offer several loan programs. We would love to help guide you.
To learn more, visit: https://www.fanniemae.com
And, of course, if you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.