All Forum Posts by: Karen Schimpf

I have many thoughts on this but I only have time to discuss one. You have heard the saying...location, location, location It applies to all types of properties whether it is commercial or a single family home. I liked to buy properties where there was demand. I'm not talking about demand like the growth that is going on in central Texas but demand like where your property is located. An example is having a property located near hospital. Hospitals always will need workers whether the economy is doing well or poorly. But if your property is located near a big company for example like Dell, IBM, HP etc. and the economy tanks, well than your property has a potential of loosing a renter and it's value.

Mike,

I agree with Kevin. Do not waste your time putting together what you think the lender wants. Ask the lender for a document checklist and their forms so you can give them exactly what they want.

My recommendation would be to buy commercial investment properties (5 units or more) Commercial loans do not use your income to qualify.

I agree with Johathan. Get some level of financing on all your properties. You run the risk of being a target for a lawsuit with your free and clear properties.

Thank you Brandon.

Blanket loans are back. The minimum number of properties in my blanket loan program are 5 properties. The minimum blanket loan amount is $500,000. The properties must be 90% occupied. Cash out is allowed.