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18 September 2024 | 0 replies
However, despite of myself being natural from there I have my doubts about financing a commercial property and finding the right partner.
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17 September 2024 | 4 replies
Other options such as seller financing, hard money loans and commercial loans that I have looked into all seem to require a balloon payment of sorts which I am not convinced I'd be able to refinance it for the balloon payment being that it has shown difficult to get a loan on it as it is now.
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22 September 2024 | 41 replies
@Mike H.check out triple net leasing as to the mechanics of why almost 100% of hospitality and commercial properties are triple net leased.The main reason people NNN lease their property/s to businesses is because they want to own passive investments not actively manage another business.Very few if any investors manage the Hilton hotel property they own.
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18 September 2024 | 1 reply
I'm taking a the Multifamily/commercial RE route to increase cash flow and timelines.
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18 September 2024 | 6 replies
Hey Folks,I am new to the world of fix & flips, however I have extensive experience in construction management (though primarily commercial general contracting).
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18 September 2024 | 6 replies
@Robin CastilloLLCs are useful for legal protection, but they require separate tax filing, typically cost several hundred dollars to create, and most non-commercial lenders will not lend to LLCs.Commercial lenders will lend to LLCs, but their interest rates are significantly higher and they require collateral that regular lenders don't.I would not create a LLC specifically due to the issues in getting a traditional mortgage it will likely cause.One potential route though, is to get a traditional mortgage in your name and then assume the loan after a 6mo "seasoning" period with your LLC.
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17 September 2024 | 2 replies
There are a handful of commercial lenders that will lend on this but the rate will be sky high.
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18 September 2024 | 3 replies
If you use a DSCR, you cannot occupy this as a primary residence under most circumstances due to the explicit commercial use specified in the note.
18 September 2024 | 11 replies
It seems like spec building, purchasing existing multifamilies, and commercial property investments would all be good options.I appreciate your responses in advance.
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17 September 2024 | 11 replies
The first series was set up in October 2018 and my bank, First Commercial Bank here in TX was willing to provide the loan and set up an account even though they were hesitant about it.