Account Closed
from Residential to Commercial lending best strategy
31 May 2022 | 9 replies
Account ClosedYou may want to consider speaking with a smalllocal bank or credit union, about refinancing your FNMA loans into a blanket commercial loan in an LLC.
Account Closed
Limit of number of mortgages?
3 February 2015 | 9 replies
It is Not typically a blanket loan on multiple properties.
Mike Giese
Strategies to Unlock Equity
12 April 2016 | 4 replies
Also, smaller, local banks might go for a blanket cash out/HELOC if you make it worth their while.Finally, someone on here focused on investment lending might be able to do some kind of blanket deal if you can't find a bank in your area to do it.
Samir Vasani
finance
25 March 2017 | 3 replies
(Fannie Mae does not allow more than 10 active mortgages for a single person).Most big banks offer commercial loans only to larger buildings (5+ units), but some smaller players (especially local / regional ones) will consider commercial loans even for small residential units.You can consider blanket loans as well (e.g. 1 loan spanning 3 houses totaling 7 units).
Fred Shandler
Understanding how to analyze a SFR vs. Duplex
11 June 2008 | 16 replies
Blanket stating that its fraud is aggressive at best, downright wrong at worst.
JC Wu
Roofstock review. NEWBIES BEWARE!!
28 July 2021 | 171 replies
To further complicate the matter, many insurance companies use wide blanket statements in the policy, so they have wiggle room to argue in court instead of telling people what exactly they insure or don’t insure.The roof is at the mercy of mother nature, which hasn’t been very merciful to Jacksonville in recent years.
Jaden Adams
Dropping out of college
17 December 2019 | 210 replies
This camp is using the benefit of hindsight to project how their financial future might have been had they chosen a different path.Beyond that, anyone making a blanket statement that college is a waste of time and money should be dismissed immediately as uninformed or with some specific motive or angle.
Eddie Ziv
Appreciation VS. Cash flow - The clash of the titans....
15 June 2010 | 341 replies
You can confirm this with a commercial lender or appraiser--especially when evaluating the portfolio of SFHs for consideration of a blanket mortgage.
Minna Reid
Million dollar deal
17 May 2007 | 11 replies
From a financing standpoint, you would need to seek a commercial blanket loan---expect to be capped between 70-75% of the aggregate purchase price.
Ryan Dossey
Starting out as a new agent
26 July 2015 | 7 replies
You get paid when you close.I would rather mail to a target property owner who owns property I know my buyers want twice a month than sending out blanket pieces to owners far and wide and get calls from owners who have something my buyers have little to no interest in.You could take a bunch of listings and if they do not sell you lose money and not make it.12 years of hard knocks.