All Forum Posts by: Jonathan Casillas

Carlos Liriano some of the things that come to mind are:

1. Personal Financial Statement
2. 2 Years Tax Returns
3. Rent Roll if any
4. Purchase Agreement
5. Proof of Funds (if any I Highly recommend this and I would say 99% its a requirement investors/banks want to see that you are willing to put "Skin in the game")
6. A Business Plane
7. A 3 year projection of the business.

In my experience the deal itself and the re-pore you build with them holds more weight when talking to a privet money lender then it dose when talking to a bank (granted this again is on a case by case basses). This could be because for the most part private money people are investors as well while banks are a numbers business. Hope this helps.

Roger Doe has made some good points. Going through the banks will teach you the most but will take the most time. You could go with a LO who dose some Commercial Real Estate deals a year. Or you could find someone like myself I am a Commercial Real Estate Loan Originator. We deal strictly with Commercial Deals. For my money I would find a CRE Loan Originator who you feel comfortable with and can build a relationship with (but the again I am partial). I am working on doing this myself in the residential side as I work out my plan for some small residential investing and to know who to refer to if a client or prospect needs a residential LO. An Experienced CRE LO will know what banks/underwriters to approach according to your unique situation. As a general rule banks/underwriters look at the same things BUT in my experience they do have there investment niches they like more then others and they try to stick with the ones they like and understand. They also have unique characteristics they look for in those niches. Granted some banks don't mind taking the time to learn new niches but again in my experience as Roger Doe Pointed out they typically like to talk to Brokers/LO who they already have a relationship with and knows what that particular bank is looking for. It makes it easier for the conversation to get to the point on how the bank would benefit from learning about the new niche.

Tom Goans I am looking at MH as a long term deal.Not just buying one. Thanks for the quick response

I have flipped SFH in the past. I am now looking into buying foreclosed double wide 3/2 Mobile homes and placing them on lots. My question is what size lot do you guys think I should use. I am aware I will need to look at local zoning and I am working on that but is there a min/max size as a general rule. Also what would the average price per lot you guys would pay to own it?

Great Question MH investing is something I am also looking into. Will be fallowing this stream. Closely.

I like using google voice...you can pick the area code and if there are any words in the number. Also you dont have to worry about paying for it ITS FREE and you can change your cell phone carrier and not have to print out new cards. You just change the number you foward it to. Thats how I started use a service now but still have my google voice number. Acctually I have several depending on where in the country I am posting my adds and marketing. Hope this helps.

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I have heard that Help-U-Sell is the type of borker you are looking for. http://helpusell.com/officeSearch.aspx is the link to find an office. Hope this helps

Hello all my name is Jon Casillas I am looking to network with people around the country that are in the Real Estate Feild. I am a Commercial Real Estate Loan Originator.