real estate investor

The Trust Sandwich(tm) teleseminar has been downloaded now over 1000 times. Wow. That maybe a record for just a few days up on its new site at Trust Sandwich. I’ve had a couple of questions, though, that I want to address. First, a few people have asked me why their real estate agent or attorney doesn’t know about that. I don’t know why they don’t know about it.

Rules to refinance properties have just been changed and that means that hundreds of thousands of real estate investments are now in the wrong business structure. Freddie Mac, one of the two largest underwriters of conforming loans on the secondary market, has just 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.

Fannie Mae, the other big underwriter, is expected to follow suit with a similar change.