However they more or less just wanted to do it for that extra buck in their account where I wanted to take my portion and start utilizing it for more investments.

I am already a licensed broker in NY and NJ, but I am ashamed to say I failed the broker's exam in Connecticut a few days ago. I took the courses on Compucram, Study.com and Quizlet, but it didn't help. I also purch...

Each lender has their own standards or parameters, such as draw period, FICO required, whether it is interest only or principal and interest, whether you can lock a portion of the HELOC or it is all floating interest rate, etc.

This does not necessarily mean they will not sell, but if it is in BK it would need to be approved by the trustee, and depending on the type of BK they filed and the size of the unsecured creditors the trustee would only allow it to sell to the public to get the best price because - they have to make sure they get what they can for unsecured creditors AND the trustee is paid based on what is sells for, so they will want it to sell for more.

This type of financing will typically look very different and more like a traditional commercial real estate loan.That means a DSCR calculated based on a full NOI and expense load (so inclusive of vacancy loss estimates, credit loss estimates, repairs and maintenance, utilities, management fees and more – in addition to the property taxes and insurance expense that are the only expenses factored in on traditional residential style DSCR loan financing).Additionally, the DSCR minimums are generally going to be higher (typically up to 1.25x), the loan to value ratios lower (higher down payments) and underwrite more sophisticated (which makes sense considering the size and scope of the property).Many multifamily investors for properties of this size (such as more than 11 units) can syndicate capital and have more sophisticated financial and entity structures – its definitely a different world once you get up here in unit count.In Conclusion – when you are looking to invest in multifamily real estate and finance your investment – make sure you have the unit count in mind before you start shopping – the unit range can have a huge effect on your options.

A discount point is a portion of the interest rate that is paid up front as a fee for getting a loan with a lower rate.

It's opinion based and requires market research, but in general you need to compare prices vs. market rent, size, condition, and homeownership vs. number of rentals.

This is where you take a portion of your annual auto expenses (not just this one trip!)

We understand we need a lawyer to create a warranty deed but we have some confusion on how to handle to tax portion.

It would most likely be a new entrant to the PM industry that would buy a company of that size.