All Forum Posts by: Kerwin Cabrera

Thanks for your help. My main concern is getting stuck with the loan for the property I own now and not getting approved for a new property. We'll see how it goes.

I own an investment property free and clear. I am in the process of refinancing it to use that money as a down payment for another investment property. Will it be an issue if I get this mortgage (I also have a mortgage on my personal residence) and then apply for another mortgage a few weeks later for my next investment property? I would like to get the loans under an entity but I haven't had any luck doing that so I'm continuing down this route until I can get funding for an LLC to purchase properties.

Thanks for the responses.

I'm looking to acquire a note and then use that as collateral to purchase more notes. They would be notes secured by real estate.

How would the process work to initially acquire a note and get the funding from a bank for that purchase?

How can I find banks that are willing to do this?

I've heard that you can take secure a loan against a note that you own. Is that accurate? If so, do all banks do that, or rather which banks do that? Also, will banks lend to purchase a note and have that loan secured by the note purchased?

I am working on a deal for the purchase of a large multi-family (200+ units) and I had some questions about the process. I am planing on getting several investors to partner with me in order to acquire the property. Here are my questions:

1. Do I have to inspect every unit? How does the inspection normally work on deals like this?
2. How do I structure the deal so that the investors only get a percentage of the cash flow and not get to run the property? They will be aware of this.
3. If an investor wants to get out after a year or two, how do I handle their equity? Is it normal to structure something like, if you get out in less than x years, you only get x percentage of your equity?

Thanks,
Kerwin