All Forum Posts by: Corey Philip

I am looking into acquiring a home with enough yard space to put a prefab guest house on that I could rent on AirBNB.

What do I need to know to start planning and budgeting this?

- Checking with planning and zoning.

- What needs to be done for foundation for these things?

- Do these things get shipped across country or do you find one locally?

- What needs to be done for utilities? I'd some electrical upgrades probably need to happen on the property. Possible upgraded septic if no city septic.

I'm looking into buying multi unit industrial property.   

What are realistIc loan terms?

(I know this is a 'multi family forum but it was the most applicable I could find).

Having surfed the forums I see people saying 10% down and no recourse loans, to 25% down and 9% interest rate.  

I'm particularly interested in industrial, as a I see a growing shortage in my local markets and I don't want to have to deal with residential tenants.  

Personally I've got $2.1 million liquid. My income puts me into a 35%+ tax bracket... so taxes are a big hair cut and a loan structure that allows me to pay more interest up front would probably be beneficial (so I could deduct it).