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Updated over 16 years ago on . Most recent reply

User Stats

296
Posts
11
Votes
Tiara Murray
  • Investor
  • Detroit, MI
11
Votes |
296
Posts

LOOKING FOR COMMERICAL ADVICE, INCOME PROPERTIES

Tiara Murray
  • Investor
  • Detroit, MI
Posted

My name is Tiara. I am fairly new to real estate. Well I don't really wanna say new, but I am just now getting into investing. I know real estate top to bottom-well most of it- from my father who is a real estate professional in Michigan. I am going to start investing within the next few months in Atlanta. I'd like to Fix and Flip, however I would prefer if my first property is an income property that I could acquire and hold (landlord). I wanted to know what kind of lenders (hard money or otherwise) would fund this kind of investment? I say this because I have researched many hard money lenders and the loan term is usually only for a max of 12 months. I would like a longer loan term because I would like my first property to be a small apartment complex. What do you think I should do?

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