All Forum Posts by: Michael McManus

@Kate Hall  Awesome.  [email protected] please.

Hey @Kate Hall!  Do you only share available properties on here?  I'd like to be kept in the loop on your properties.

Great work! Can you share about the financing you did for the initial loan? Hard money?

Thank you everybody!  I appreciate your feedback and will get more details from the lenders we're speaking with!

I met with a lender today and they said they suggest we put down 25% down instead of 20% because at 20 the cost is much higher. " you’ll want to put 25% down if you can. You can be approved for financing with only 20% down (pending the style of property), but there is quite a significant increase in pricing between lending 75% and 80% of the value" Is this typical?

I'll definitely look into that @Kenneth Garrett!  Is there a particular type or commercial loan or should I say terms I should try to get?

@Carson Wilcox  Great questions which I do not have the answers to yet, haha.  Setting up some meetings so hopefully I'll get some answers soon!

@Brent Coombs  Understood!  Thanks!

@Jennifer Beadles  Thanks for the tip!  I'll look at them!

@Kenneth Garrett  Is it possible to get commercial loans for residential properties?