I don't know why you would not be able to get a 203k unless you run inti DTI ratio problemsOriginally posted by "joeguz":is there anyway I could get in there to do repairs before the close date?

I would look inti congress heights in SE.

Most food franchisee driven concepts I typically see $20-25 psf in TI.

Int is locked for 5 years, then ???...

I'm excited to hear how things go as you dig inti IN, keep us in the loop!!

[email protected]% on 30 year fixed the mortgage constant (prin & int) is .00514 so that means for every $1000 you borrow its a $5.14 per month additional in mortgage payment.

I found out the owner died in 2009 it is now owned by his estate 1/2 isn't and two other names plus a fourth that says 1/2 int. I

I often disagree with the 50% rule, but in tis case, it most likely will apply.When you have gross rents of only $600 or less in other cases, the OE including, but not limited to, mortgage, taxes, insurance, management, repairs, & vacancy will surely add up to $300 monthly.Remember, as Jon said, this is a screening tool only and is based on averages.

For a bunch of different already stated reasons, not every "investor" is not suited or wanting to be in tis business.

We are in lease negotiations on a great building, the ownership group is only willing to put in a certain amount in TI.