All Forum Posts by: Akyl-Lateef Hewitt

Thank you all for your insight.

This is the first year my tenant has been in my property. Unfortunately they missed a single payment in the middle of the year. They have not missed any other payment and even paid a little extra to try and catch up. Should I renew or terminate their lease? I'm leaning toward renewing.

Has anyone ever used an SBA loan on a mixed use property? How did it go? What were the requirements? I'm currently looking at a 5 unit mixed use property the 1st floor is the commercial unit.

@E. C. "Stony" Stonebraker I will definitely check out Mr. Beardsley's book. This was great thanks for the advice.

When putting in an offer on a commercial apartment building. How do we receive our offer price? My partner and I are doing an analysis on how much to offer on a commercial apartment building. Our analysis consists of the NOI on the target property and the comparable cap rates in the area. Are we correct in our analysis? Also, is there room to re-negotiate during due diligence, and on what basis?

I recently was approached by a commercial broker about a 3 unit condo building she is trying to sell. The property is a new build and has not been completed. She asked if I had my own development team. I’m going to walk through the property on Saturday. What kind of questions should I be asking the broker?

Will any lenders allow you to use a personal loan as a down payment?

What does it mean to purchase a property via membership interest transfer?

Thanks Melvin.

Has anyone used NewDay USA to do a cash out refinance on a VA loan? I see their commercial all the time and was wondering if anyone had any reviews.