All Forum Posts by: Rene Martinez

I have been trying to open a business but have been terribly unsuccessful because I do not have someone helping me find somewhere to lease. I have all my boxes checked but have nowhere to open up. I have made contacts, but they all seem to be real estate agents and just wanna sell me a house and not help me find a lease. 

I have sites bookmarked like LoopNet and another one (brain farting on the name) and I make contact with people, and nothing ever comes of it. Please if someone in COS can assist me, I would be eternally grateful.  

Loopnet does not seem to be up to date, and I keep missing out on spots. 

Renting a storage place would not make any sense at all as my business would not benefit from that. 

I am trying so hard to find a space to lease for a small business. But it seems I am having zero luck finding one thru using commercial real estate agents. Am I asking the wrong people? It's been a month and zero prospects. 

But what if I do not know the income that would be coming in?

Starting a business, hopefully, and I'd like to know what the basic process is to qualify for a commercial real estate loan/space. Is it kinda like buying a house? Credit check etc. What is the minimum credit rating needed to qualify?

If someone in colorado can assist, that would be great. Specifically co springs. 

I have purchased several homes over the years but now am focusing on some land. My leader said she would not assist, that I needed to contact a bank. How do these get structured Similar to a home down payment? 20% Then is it 7yrs, 15yrs, 30? These is so much conflicting info out there, I don't wanna get sent down the wrong path. Thanks in advance!

So we absolutely have to put down 20%?

My mother wants to buy me a home, credit was damaged recently and am working my way back. She would like to buy it and I'd pay the mortgage. She has a HELOC loan already, can she add to that loan? Or does it need to be paid off first? Her current home is paid off. Then the down payment, does it have to be 20% down or can we put down as little as 6%?

We have a joint checking account; she has perfect credit and I have the funds to put the money down and pay the mortgage for an entire year or so. My money is heavy in crypto, had a lender deny me recently because "it wasn't real money." 🤦‍♂️

I dont think it's called cash-out, but I had a lender tell me we could take some equity out of a current home and use it for the down payment to the next. My mother and I own a home in central Austin, it's a gold mine. We do not wanna sell it but we wanna pull some funds to buy another home, for me. I was told this is possible, but I cannot find financing info on it. I would home to borrow just enough for a down payment and a small reno, max $60k. 

Thanks in advance!

I asked my mortgage contact, she said that dscr is not a type of lending process and that it is still not possible. I've got good credit, great mortgage payment history and should have about 50% to throw as a down payment.