Tax Strategist, author, and real estate investor Diane Kennedy, has a new article about new changes from Freddie Mac that can have an impact on investors.
"Freddie Mac, one of the two largest underwriters of conforming loans on the secondary market, have changed their internal rules to state that they will no longer refinance a property that has been inside of a Limited Liability Company (LLC) for any time within the past 6 months."
You can read the full article here.
The good news is that there are other options. And as real estate investors, we either learn to get creative or our businesses suffer. Stay tuned for more developments....
Thursday, June 19, 2008
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