May
20
Real Estate Held in LLCs - You’ll want to read this!
Filed Under Asset Protection, Creative Real Estate, Tax Strategies
This is a BRAND NEW proprietary strategy. Anyone who holds their real estate in an LLC needs to read this information!
Here’s what has happened….
· Freddie Mac has just changed their rules to NOT allow refinances if the property has been in an LLC at any time for the past 6 months.
· Fannie Mae is expected to follow suit.
If you have your property in an LLC, you have a few choices:
· Leave it in there and realize you probably won’t be able to refinance.
· Pull it out of the LLC and lose all asset protection.
· Use a Trust Sandwich™ to protect the property and keep the lenders happy.
To read more click here.
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