All Forum Posts by: Larry Russell

I've recently purchased a condo with all cash and looking for refinance options. The condo is in my business name which creates an additional complexity to the situation. Can anyone recommend a commercial bank that lends to real estate investors? I have good credit, so I have no problem with obtaining financing personally, but so far most banks say I have to wait 6 months before they're able to refinance.

Any suggestions or recommendations on who I can turn to for a commercial loan?

Again, thanks for all the feedback/responses. These are very good comments. Things are going well with my real estate agent, but I feel I may be limiting my opportunities if I use only one agent. We decided to scale back the contract to 3 months as opposed to 6 months. This way I can re-evaluate after the 3 month test drive. This works well because I've established a goal of purchasing one property per quarter.

I really appreciate the feedback/responses from everyone. There's a lot to consider when trying to make the right decisions when it comes to real estate investing.

I'm just getting started with reading "The Millionaire Real Estate Investor"...

How common is it to sign a 6 month contract with a real estate agent? Would the seasoned real estate investor recommend a newbie to use this sort of arrangement to find investment properties?

My concern is by signing up with one real estate agent you limit your options/potential deals. And my second concern; would a non contract agent provide the necessary comps.