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Updated over 7 years ago,
Questions on my first deal
Hi Biggerpocket members,
I joined biggerpockets today after it was referred to me by a friend. I am in the process of closing a deal on a SFH 2BR/1BA and I was hoping you could help me with some of my questions.
1. Am I required to disclose appraisal value to my real estate agent? I don't mind revealing this information but I would like to do it on a need to know basis.
2. Is it possible to get fully amortizing commercial loans for real estate? I heard lenders only give balloon payment loans.
3. Is getting a title transferred to LLC better on a residential loan better or getting a commercial loan better?
Any information is appreciated.
Thank you!
David.