This deal was the catalyst that got me into the mortgage banking industry.

When you finance through national lenders, in your experience, is a balloon a common requirement for commercial loans of this nature or is it possible to get a fixed rate for 30 years?  

I recommend getting a few quotes and choosing one that is right for your financing strategy. if you are trying to get fix and flip money there is a wide disparity in rates and charges.

Terms such as interest rates and payment schedules are typically negotiable.Combining creative financing with seller financing can include strategies like:Subject-to and Seller Financing: Taking over the seller's mortgage and financing the equity portion through the seller.Lease Option: Renting with an option to buy while negotiating seller financing for part of the purchase.Wraparound Mortgage: Keeping the seller's existing loan while they finance a new loan that includes the balance.To proceed, consider connecting with experienced investors, understanding local legal implications, and attending networking events to gather insights.

For lending, your rates are going to be higher than if you were to buy under personal name.

Rates are high, usually in the high 8s or low 9s, and you may pay 2-4 points on the loan. 

With the COVID-era surge in home prices, rapid increases in mortgage rates, and rents not keeping pace, it really has gotten harder to make these deals work.

Keep in mind if you buy another primary residence, you'd have better rates, terms and can pay as little as 5% down for multi family up to 4 units.

.🔥 #3: The Rich Will Get Richer—So You Better Play the GameIf Trump wins, expect major tax cuts for businesses and investors.Expect lower corporate tax rates, more deductions for business owners, and a friendlier tax code for those who actually know how to use it.He’ll defund the IRS and possibly eliminate the “External Revenue Service” altogether, making audits and enforcement less aggressive.This will favor business owners, investors, and high-net-worth individuals.💰 What am I doing?

I was studying the market and my rent will be just enough to cover the mortgage and HOA fee now I might to pay out of pocket for insurance but don't want to sell it yet because the area is growing and might have good appreciation in the years that follow.