All Forum Posts by: Matthew Aubert

@Matthew Aubert - Is the LLC Single member owned? If so, then you'll be able to get a residential conventional loan on it. You may just have to shop around a bit to find a bank willing to do it.

The LLC is going to be in my wifes and my name. I was thinking about adding property to LLC after the purchase. Is it wise to do it when I'm purchasing or wait till afterwards? I'm hearing statistically banks will not call for the due on acceleration clause but there's a small possibility perhaps. Thanks for responding.

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Originally posted by @Michael Noto:

@Matthew Aubert If the financing is in your name as opposed to an entity you should have no issues getting a conventional loan on a non-owner occupied property especially if you can put 35% down. That should secure the lowest market rate the lender is currently offering assuming (which I am) that your documentable income and credit fit what they are looking for.

Thanks Michael for the response. I was thinking I could but just checking in to see what you guys would say.

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Trying to find out if I can qualify for conventional loan instead of commercial loan on duplex for non-owner occupied investment? Trying to keep my interest rate low. I'm putting down 35%. Thanks in advance.

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@Jackie Comitino pay off cards first since it’s small debt plus highest interest rates. Then roll payment into car loan and pay off. You can still look for real estate deals. With the info on here you can start investing too. Tons of ways to get started.

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Thanks, Dominick for the info. Appears I'm changing to a single building 7-plex. But I have your info for the future.

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Thanks, Kathy. I'll definitely get the book. Congrats on the 2 fourplexes. I was looking at dual duplexes but am settling on a larger building instead except it's a single building. I just became a pro member today so I have access to most of the material here which is nice.

How long have you had the 4 units and I bet you love it. Awesome.

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Thanks, Rick. I'm currently deciding between two duplexes and a 7-unit. Too bad there's no crystal ball laying around. I see you're in Denver. I lived there from 02-03. Kinda pricey but very nice. I remember hitting the club called The Church. Ha!

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Hi,

My name is Matthew Aubert and getting back into real estate investing. More so on the multifamily type properties. I have a rental house currently and going to start investing more to build up my portfolio. It's funny because I bought my first rental (4-plex) when I was 22 in 1994 and had a duplex when the market (military base) turned and I got rid of everything. So I'm back! :-) Ha! Too bad there weren't sites like this back then, but heck the internet was just starting back then.

Again glad to be here and let's chat.

Matt,

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Hi all - Newbie here and wondering if multiple properties can be purchased using a single mortgage? I'm looking at 2 duplexes that I'm considering on purchasing and if possible use one single mortgage for both.

I bank with Wells Fargo and wondering if there other financial institutes that may allow this type of mortgage use.

Thanks in advance and looking forward to chatting and meeting new people on here.

Matt,

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All Forum Posts by: Matthew Aubert

Matthew Aubert has started 10 posts and replied 49 times.

Post: Can you use residential instead of commercial for non occupied

Post: Can you use residential instead of commercial for non occupied

Post: Can you use residential instead of commercial for non occupied

Post: Eliminate debt or focus on saving capital?

Post: Blanket Mortgage for Purchasing Duplexes

Post: Blanket Mortgage for Purchasing Duplexes

Post: Hello All and Nice to Meet Everyone

Post: Hello All and Nice to Meet Everyone

Post: Blanket Mortgage for Purchasing Duplexes