All Forum Posts by: Ken Walters

Thanks, Jesse.  I had those links bookmarked from another one of your posts. :)

Does anyone have a recommendation on a commercial lender in the Rock Hill area that is REI friendly?

Thanks,
--Ken

Daniel,

Thank you for the advice.  I believe we have found the financing we need for the rental, but I am curious as to what I can expect when looking for a commercial loan in the future.  

--Ken

Greetings All,

My wife and I live in Rock HIll, SC, not too far from the Charlotte, NC border. Recently we formed an LLC to pursue our dreams of buy/hold property.

As a newbie investor I feel the g-forces of the learning curve pushing back at me from every turn.  Fortunately, this website contains a wealth of knowledge and advice in the forums and podcasts, so at least it feels like I have a pressure suit on now. :)

If I had only read a bit further before we put an offer in on a potential rental, then I could have saved us some heartache.

Wrongly, I presumed, we would have financing in place.  We have a pre-approved loan for a primary home, so you can imagine my surprise when the bank told me they wouldn't finance the rental.  Oddly, our bank doesn't do commercial loans.  It was my understanding that commercial loans were for properties larger than four units.  

Could I get some advice on what a good commercial loan looks like? 

Thanks,
--Ken