Assata Moore

Hello BP, I am trying to find a lender that will give me a long term (15-30 years) fixed rate mortgage for a single family home in an LLC. Is anyone aware of any lenders that will give "conventional" financing to an LLC? I would prefer to avoid the risk of triggering the due on sale clause by transferring from my name to the LLC. The properties are in Omaha Nebraska. Thanks for any help you can provide. -Scott

I started charging application fees four years ago. Charging a fee will automatically screen out some potential "problem" applications. I manage 210 rentals and you'll be amazed how many times people want to rent an apartment or house but can't even afford the application fee. I also disclose up front what my screening process includes.

I recently had the honor of speaking to a group of young adults at the Chicago Urban League, invited by a former student. I walked in with a mission: to tell them the truth that too many adults are sugarcoating. It wasn’t long before the room got uncomfortable, but not for me. I had to let them know that the career paths many chose—modeling, art, social work, and other low-paying fields—were financial bologna. Career interests listed by young adults at Chicago Urban League.