All Forum Posts by: Account Closed

I know there are options that include cash, cash out refi and HELOC

Are there actual loans you can get for an ADU?

Thanks

Thank you so much for this info Colin!

We are looking to buy a single family $350-425k to hold as a rental that will appreciate and bring strong rental income. What neighborhoods would you suggest? 

Hi Folk, 

My name is Brian. I'm a small business owner (gym) looking to buy a property to open my second gym in.  The owner is sort of open to a lease to own situation, but she doesn't want to sell right now as she wants to 1031 the property and there aren't great alternatives for her to buy right now.  I have little-to-no experience in purchasing commercial property.  What would be a strong offer?  (She has said through her property manager that she would be looking for something like $550,000 for the building.  Do I offer her 2-3 years at or above the lease price she is requesting with a pre-agreed upon price?  How do I even structure an offer when I'm reliant on her for financing it?  I have had one mortgage broker say there's no way a start up gym (my first gym is in a different state) would qualify for a commercial mortgage right now given the covid restrictions on gyms, etc.  

Any ideas for me? 

P.S. The property is in Colorado Springs. I currently run a gym in Boston. 

The building is an old, former mechanic shop. Concrete block construction. Is that what you mean?

Hi folks, my name is Brian Buell. I’m a small business owner from out of town. I’m looking to move to the Springs and start a small business here. I am interested in a lease to own situation for my business. I am looking for connection to a trustworthy and knowledgeable inspector who would tour a commercial property on my behalf. Please let me know if you have a suggestion!