All Forum Posts by: Joe Weaver

Unfortunately I am unable to attend due to something that came up. I hope this becomes a monthly event as I would love to connect with some local investors. 

Thank you @Account Closed! Great piece of information on the taxes that I had recently been made aware of. I’ll certainly keep you posted if I do find a lender who does offer a 30 year amortization on a commercial loan.

@Ali Hashemi thanks for the reply and the information. Honestly the reason I was going the commercial route was due to my lawyer's advice. He said to buy all properties in an LLC for asset protection. I still have a couple of other institutions to meet with though.

Short time lurker, first time poster here. Love the content and forums on BP. 

A little about myself, I have a background in sales and marketing (just moved to the tri-state area from Dallas last year), and I have decided to put my financial well being in my own hands. Got motivated by reading "Rich Dad Poor Dad" and "Cashflow Quadrant," and I have a decent amount of capital to get going. 

I have committed to investing in real estate and buying my first rental property this year. I would like to do the BRRRR strategy if possible, but at a minimum want to purchase a SFH buy and hold in my market.

I have networked and lined up most of my "team", now trying to establish a relationship with a local bank in town. 

The issue I have run into is with the banks, I can't find a portfolio lender that will do a 30 year commercial loan like the guys on the BP podcasts always talk about. I have tried a few of the local credit unions and smaller institutions to no avail (15 and 20 yrs are most common). Any other ideas? Am I missing something? Thanks!

I am definitely interested. Let me know when and where.