All Forum Posts by: Steven Lin

Anybody invest or do business in Queen NY area, would like to connect and network.

Anyone invest or do business in Queen, New York.

I like hear opinions from everybody. Thank you all in advance.

Hey BP,

I want to start a discussion to see which is beneficial for investor, a private financing or bank financing. Please factor in the pros and cons for each.

Private loan: (15 yrs Fix Term) Bank loan: (5 yrs Fix then 15 yrs ARM)

As for the private loan there is no Appraisal Inspection and EPA Inspection needed, i could roughly save myself 10k on inspection fees and loan fees. 

Is there such term a 20 years fix rate commercial loan?

Hey BP,

I just got approval for a 350k loan for 20 years ARM (5 yrs fix) from a local bank (Chelsea Groton Bank) Purchase Price for the deal is 550k

This is my first time getting a bank loan, what should i expect. What can i do to get the best deal. 

Can i negotiate the rate and terms on the loan from the bank? and how do the bank determine the closing cost?

BP please help and explain the system so i can understand more, so i can try to avoid any unnecessary mistake.

-Steve

I would love that opportunity but, i lived too far from there.

Hello, I want to know anyone are investing in New London CT right now and what is there experience?

inform me as well.