All Forum Posts by: Burke Fisher

@Scott Wolf Yes we own the building. I was thinking of it the way i think of residential properties once you get so much equity i would pull it out and buy another property etc.. Im not familiar with commercial financing and the different routes you can take. (we inherited this business) its about 1 mil in equity. what would you do? 

As a licensed realtor in Texas, how can you legally give a referral fee to someone unlicensed? It is a mutli-million dollar property. Has anyone run into this? If so, how did you go about it?

Hey guys, so I have a small business (Bowling alley) that has about 85% equity. We are currently expanding and updating the bowling alley; adding a beergarden in our grove area. But we also want to leverage some equity to purchase something cash flowing as well as using to remodel. What are the stipulations for commercial equity note? What would you guys do in this situation?


Im looking to diversify my portfolio and buy an STR or various other investments.

Hey guys, so I have a small business (Bowling alley) that has about 85% equity. We are currently expanding and updating the bowling alley; adding a beergarden in our grove area.  But we also want to leverage some equity to purchase something cash flowing as well as using to remodel. What are the stipulations for commercial equity note? What would you guys do in this situation?


Im looking to diversify my portfolio and buy an STR or various other investments.

@Karen Gillispie I personally wouldn’t get into this deal, that’s pushing it really close. As you need to prepare for something to happen where you would need to repair something then it would just be costing you money out of your pocket.

Hey guys I have a question, my fiance and I have been into real estate investing for the past year. We have a flip project going on in Atlanta and now we've been thinking thinking about house hacking something around ($250k) and finally getting out of our apartment, we already have a close friend who would rent out the room/apt/duplex but we also really want to get into one of our local rental markets and purchase a cash flowing SFH since they are so cheap and its on an army base (PP:$100K Rent:$1,200) (we would do both of these conventional) so my question is, should I purchase the cheaper rental first and get it cash flowing then go onto either buying a home or buying a home to house hack? Just don't know which one would look better to a loan officer. Please reply with your opinions or experience! Thanks Guys!

@Grace Wang Currently, we pay 1500 a month for a one bedroom apartment, its pretty average for where we are at. I think the rent charged to our friend would totally depend on the situation and numbers of the house we choose. Is the goal of House Hacking to make it cash flowing? Or just having a contributor to help with mortgage? Whats your opinion? Thanks so much for replying!

Hey guys so I have a question, my fiance and I have been into real estate investing for the past year. We have a flip project going on in Atlanta and now we've been thinking thinking about house hacking something around ($250k) and finally getting out of our apartment, we already have a close friend who would rent out the room/apt/duplex but we also really want to get into one of our local rental markets and purchase a cash flowing SFH since they are so cheap and its on an army base (PP:$100K Rent:$1,200) (we would do both of these conventional) so my question is, should I purchase the cheaper rental first and get it cash flowing then go onto either buying a home or buying a home to house hack? Just don't know which one would look better to a loan officer. Please reply with your opinions or experience! Thanks Guys!

@Matthew Crivelli so I would just need the HML for the down payment then finance rest through a bank? And for investment properties that are used for rentals you just need to prove you have a tenant and it's covers the mortgage, insurance, and taxes? Thanks again!!

@Matthew Crivelli and we also have an LLC