I have both residential and commerical properties. 

For my first deal in which I purchased two  duplexes out-of-state, I started a commerical lending relationship with a local bank under my newly formed LLC.

I want an lender who is familiar with what I'm doing.How many properties can I purchase before I have to find an alternative financing mechanism. 4 seems to the limit for the big commerical banks.So how about you dear fellow investors?

Would like to hear what other Milwaukee investors think of those small storefronts on busy streets in the old parts of the city.The reason I ask is so often they have 2 or 3 residential units as well as the small stor...

@Steven Gesis  if the condos are mainly rentals they will play heck getting financing for owner occ deals.. most lenders require 60% owner occ's  as they don't want to lend into a rental property.. those need to be commerical non owner occ loans.. this stalls out projects big time

@Ruth Bayang  yes licensed assistant to a top producer is one of the best ways to learn the industry.. you get leads handed to you.. you do deals based on the top producers creds... one can look for brokers that are doing more commercial work if that is what interest the new comer.wholesaling is a very regional pursuit.. its a much bigger opp in the areas were there are more homes than people.. ergo more distressed or junker homes that traditional realtors don't want to fool with.but on the west coast its a pretty tough row to hoe  and for most a complete waste of time and energy. far better to make money in a JOB and then invest.I see these folks post all the time HEY i want to wholesale to earn cash to then buy and hold.. so going into it they really don't want this as a career its a stop gap.. and a tough one.. whereas getting into real estate as a licensed agent either commerical or resi or what have you if you make it its a lifelong career that opens so many doors for you.. far more than sitting at home pumping out letters  LOL

those will need to be in your personal names.small commerical banks will allow LLC with your personal gurantees anyone with 20% or more interest in the LLC normally has to sign and PG>So two distinctly different lending sources and underwriting guidelines.

The forced appreciation on commerical residential is where the growth potential is.And then repeat, and repeat, etc... if you are inclined.

I have a mortgage bankers license and NMLS registration out of Oregon ( inactive at the moment)So I have used both licenses. 38 or so states for non owner occ commerical loans require no license.. those that do off the top of my head are  CA NV OR AZ ND SD TN  and a few more.Gap funding is about as risky as it gets though..

Many investors quote Rich Dad to support their contention that a HOME is not an investment.Often this is done as an argument to invest capital in their commerical real estate deal instead of buying a home.