That part is normal for commercial mortgages; 5 year maturity is common, and 2019+5=2024 is why many are expecting offices to have a rough couple years.Net operating income (NOI) is net profit before the mortgage payment, and determines how big of a mortgage you can get. 

My goal has been to borrow money for the rehab, rent it out to generate income for the Trust's beneficiaries, and then do a cash-out refi to recoup my down payment and any other out-of-pocket expenses.I believe there are limitations in an Irrevocable Trust, which would prevent me from simply deeding the property to myself or possibly even to an LLC if I create one, even if the end result is in pursuit of my fiduciary duties to the beneficiaries, as Trustee (i.e. making the home inhabitable and generating rental income for the beneficiaries).

While it's not common for lenders to invoke this right if payments are being made on time, it is a potential risk that both parties should be aware of.Does the Buyer Need Their Own Bank?

What are some of your RE goals? 

I have been reinvesting my capital back into my business and acquiring more land.My next goal is to expand into multifamily development and secure additional land.

Mortgage-backed securities were not a common household term, yet the collapse of the housing market and the onset of the Great Recession sent shockwaves through our industry.

And buy better quality real estate not just ITM trash assets.Do you notice the common theme-- it's buying real estate, how you get the capital is indifferent.

What is your goal with a property?

On our value add side the goal is to try and double the initial investment within a 3 year hold period.

My goal is to learn as much as possible while also being able to provide value to others.