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All Forum Posts by: Letizia Caselle

Letizia Caselle has started 4 posts and replied 8 times.

Post: Mixed use property need help

Letizia CasellePosted
  • Elgin, IL
  • Posts 9
  • Votes 1
Ok forgot to add, I am going to reside in the residential unit and use the commercial space as well for myself. This will be my primary residents.

Post: Mixed use property need help

Letizia CasellePosted
  • Elgin, IL
  • Posts 9
  • Votes 1
Hi Everyone, I am looking to purchase a mixed use property, but I am in need of a lender who I can borrow against with a LTV of 80% with a amortization period of 25-30 years with no points? Anyone know someone?
Hi everyone, Anyone have a foundations guy in the downtown Chicago area? LC
I think that economists pay much more attention to the real estate market Bc it is the second largest investment besides stocks in the world. However before the crash only two economists predicted it was coming. I find that economists are very similar to the weather man. Not very reliable.
Adam Kent much appreciated
Hi everyone, I am fairly new to investing in real estate and wanted to know if anyone knew of any good realtors in Milwaukee and Indianapolis area? Thank you for all of your help. LC

Post: Cash out and Refinance

Letizia CasellePosted
  • Elgin, IL
  • Posts 9
  • Votes 1

Much appreciated Chris. During the delayed financing do most lenders want skin in the game? Essentially some investment even if it is a cash deal? Therefor they will not give you a mortgage for the same value you paid for it. 

Post: Cash out and Refinance

Letizia CasellePosted
  • Elgin, IL
  • Posts 9
  • Votes 1

Hi Everyone, 

I am new to this, and I plan on purchasing a multi unit in the burbs for $200k cash.  I am being told that in 30 days I can refinance at the bank and get the $200 k back to continue my venture.  For some reason that does not seem right to me.  I do not plan on refinancing in 6 months after I renovate the property but simply in 30 days to get back what I paid for.

Is that correct or do I get 70 to 80 percent LTV for a investment property?