Turns out, this guy was a former partner in one of the largest commerical real estate firms in New England.

I have to go commerical lender to be able to get fix up money and mortgage (rate is .5 pt. with 7.5-7.7 per cent), interest only 6 months-1 year.

So if you don't mind i will add another one to it.MeI am a mortgage loan consultant in the Northern Virginia area.I am truly specialized in rehab loans and commercial loans.I know G.C's (general contractors) so i know who's loans are better and why (time is money)I use two major banks for commerical deals specialized in "No income and assest 80% purchase loans"If you need any help don't hesitate to post.wishing all of you total domination of your REI marketPaul

if you buy multiple rentals using commerical financing, whom do you use for financing.i am exploring switching to this from buying everything personally and am looking for some direction.

Just looking at your numbers lets say that you can get a 30yr fixed at 7.5% on a commerical loan, your PITI will be $6518.33 per month.

Would you by chance happen to know of any banks in that area that are good for commerical loans, or know which lawyers to stay away from?

If anyone wants to buy and take their pet--good luck.I have never gotten an investor type "commerical" loan where my banker would go interest only more than 6 months to a year.

Recently an Insurance Agent friend of mine recommended that I get a Commercial Policy because he said I was still exposing myself to risk by even being named personally on the Residential Policy.Based on the research I've done, I can't seem to be able to tell one way or another which way I should go.Someone please bottomline me: Is it okay to keep my Investment Properties that are owned by an LLC insured with a Residential Policy with the LLC listed as an Insured or should I switch to a Commerical Policy?

Since the LLC owns the properties, I beleive they has to be commerical policies.

We also feel into real estate through my first job out of my graduate program working form a commerical/apartment company as the owners executive assistant and buying/renovating a foreclosure that we turend into a rental.