All Forum Posts by: Kevin Mello

I have no issues managing. The only issue is capital. Owner will not finance.

@Kyle Deutschmann thanks but I've been told the DSCR loans still require the down payment and if it's commercial I can't stay living in it. Is that right?

I’ve been blessed with a rare and extremely beautiful opportunity. My landlord wants to sell me the 5- family building I live in but since it’s consider commercial I need 170k - 200k which I just don’t have. The basics are they will sell it for 200k under appraised value to ensure a trusted individual will take care of it, otherwise she will sell for full appraisal to a stranger. Is there any way I can get the funding to pull this off?? I’m thinking of starting a C corporation to keep my finances completely separate