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20 October 2024 | 9 replies
If you are looking for commercial properties, 5 units and above (if that's what you meant by multifamily), the Loopnet is ok, but really for larger deals.
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17 October 2024 | 4 replies
Since this can be treated as 7 different properties, can I get a conventional loan or will this still require a commercial loan?
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20 October 2024 | 84 replies
Commercial banks like to see low leverage and they love paid for assets :)But if your W 2 and a mom and pop land lord getting your normal debt those are all computer driven formulas and there is not a big focus on balance sheet.
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20 October 2024 | 13 replies
There is a lot more paperwork for these traditional mortgages and they will probably take 2-4 weeks longer, but you could save quite a bit in fees and rate.Otherwise, DSCR or a commercial loan is the way to go.You may be engaging in overkill if this is your first property and you are trying to put it into an LLC.
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18 October 2024 | 5 replies
We work transaction-based deals with a commercial portfolio loan secured against our assets.
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17 October 2024 | 5 replies
I want to cover home and commercial sales as well as rental ownership and management.
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21 October 2024 | 18 replies
New construction, residential and commercial buildings are going up everywhere.
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19 October 2024 | 5 replies
One I was able to get a commercial loan and combined 15% seller financing with 80% mortgage, for an effective 5% down.One quick note, the comment of use hard money for the downpayment and then conventional financing for the rest - this won't work.
30 October 2024 | 94 replies
Reassess your path and timing, if its truly the ONLY thing you want to do in life, then get a job working for a commercial developer or an investor who buys frequently.
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16 October 2024 | 2 replies
Hi all, I have an office in a building where it will go on sale once the owner passes. They said it is in a trust and structured so that it can't be sold until the owner's death? I'd like to approach them with purchas...