In addition to taking 6-9 months to close, they are also subject to (i) annual audits, (ii) annual REAC property inspections, (iii) recurring annual MIP payments on top of your interest rate, (iv) large initial deposits to the replacement reserve, (v) commercial space limitations to 15-20% EGI / 25% NRA, and (vi) less forgiving underwriting with 7.00% minimum vacancy rates when determining our underwritten NOI.

In Illinois for commercial property, property disclosures are not required. 

Hi Everyone,I’m thrilled to join this community of like-minded real estate enthusiasts and investors!

The plan is notorious for minimum insurance and they were previously capped at $20M for larger commercial and HOA properties.

As I take in as much content as possible from listening to the Rookie Real Estate podcast, I feel drawn to building multi-families and renting them out.

Flip, small multifamily, or commercial, Philly is a place abundant with opportunities.Wishing you the best !

Your appreciation will be inflation, which is real appreciation because of leverage. 

As for starting a business, are you looking to start a "real estate" business or "non-real estate" business?

I’m here to connect with like-minded individuals, gain insights from others, and contribute value wherever I can in the real estate field.

Real estate principles, real estate law and real estate finance.