We have buildings with no parking lot and private entryways, so tenants are responsible.

We know we want to create an llc but is it difficult to secure a loan?

We leveraged our expertise in negotiation to secure it at a competitive price of $140,000.

@Chris SeveneyYesAllOf those things, just don’t forget to have receipts for everything you deduct from the security deposit.

Many of our clients have done this and secured much better terms....EricThis spreadsheet decision is based on what you can afford and when you expect interest rates to fall.

The other factor to consider is less tangible, but comes with mental security.  

I know a couple local hard/private money lenders I can connect you with, one of them is a sponsor at the Dover real estate investor meetup that takes place the 2nd Monday of each month at Chapel and Main Brewery.

We actually are lucky enough to have found private investors over the years. 

As private money lenders, protecting your investment starts with careful borrower vetting.

You can secure a 30 year fixed on a 1-4 unit residential and a commercial building.