Commerical bank financing 20% down Lessons learned?

Commerical bank financing 20% down Lessons learned?

@Michelle DongUnlike single family residential properties where 95% 98% of all houses hit the mls, there is no central database for commerical investment properties.So, you need to network big time - reach out to commerical brokers, property managers, attend local multifamily meet up groups.

treat it like commerical investors.. you make the offer .. you have your normal 10 day due diligence period use those days for your inspection you dont like it you terminate.. 

commercial shopping center appraised at $1.5m, and about $12/ft/year.  building is about 10500 sq ft.  so should be around $10,000 a month leased.current mortgage balance $50krepair estimates, roof, driveway, paint, m...

Traditional commerical financing through a local credit union.

Our lawyer cited us the pros and cons, and I was surprised that we will not be able to refinance as the LLC. also that there have been instances where a property was moved over to an LLC, the lender found out, and then made them refinance into a commerical loan.

You could land in hot water with your association if  stated in the HOA bylaws that rooms may not be used for commerical purpose.

@Sammy LukeI’d find a Commerical broker who understands developing raw land and get their opinion on what the market needs and the rent that could be paid, then find a builder to estimate costs.

My partner and I purchase properties in cash in upstate NY, put them in our LLC, and look to BRRRR out of them.  We like to rent them and then begin the apprasial process so I'm looking for no seasoning period.  We cu...