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All Forum Posts by: Sumesh Vadassery

Sumesh Vadassery has started 1 posts and replied 3 times.

Agree on banks will come after other properties with out an LLC. I was more looking at the possibility of buying a commercial property with a regular residential mortgage. Even with commercial mortgages, dont think i will have a tough time to get if I want. I am a newbie to commercial properties, not quite a newbie in overall RE.

Thanks @Joe Hughis . Thats what I was looking for.

Commercial Real Estate - Personal Mortgage is that a possibility?

Do we need to form a LLC to buy Commerical Property Mortgage? Can we buy Personal Mortgage for Commerical Properties, based on my reading an umbrella insurance will suffice. Let me know