All Forum Posts by: Gabriel Ibarra

I have a question. I’ve been looking at several properties now and am slightly confused. I live in southeast Texas and have noticed that most of the properties appraised value from the tax assessor are much lower than what they are being listed for? IE a $300k property has an appraised value at $60-$80K and the property has been recently sold in the past 2 years? Am I missing something here? Is there some kind of exemption or something that I’m not aware of? I do know that property values have risen in my area fairly recently, but that was back in 2013-2015, and prob peaked in 2017. Any feedback is greatly appreciated! Thanks in advance for the feedback!

Anybody know what the maximum percent a seller is allowed to contribute at closing?

I’m wondering what kind of terms for financing a non owner occupied duplex are out there? Assuming it’s not a hard money loan, but traditional financing. With current conditions seeming to have an impact on current rates and down payments required. Thanks for all the input!

Out of curiosity how much larger of a reserve requirement are you seeing?

Thanks for the info Alex! 

I’m interested in finding out about the different options available for acquiring a down payment on a commercial loan. I’ve heard of the borrower taking out a loan for the down payment? Is this normal or ok? Of course you can always save your money, and or partner with someone, which is a route I’m pursuing. Also I know the down payment is typically 20-30%. But can the down payments be a smaller percentage? Any thoughts or info on this is greatly appreciated!