Bar none, the best commercial financing on multi's is Freddie Mac & Fannie Mae small balance loans. 1 - 6 million loan amounts.

I think to clarify, in North Carolina, when buying tax sale properties, the previous owner has a one year period during which they can challenge the foreclosure process by arguing they weren’t properly notified during the foreclosure process.

Hello everyone, I am a fairly newly licensed MA Realtor and am about to purchase my first multi-family property in Western Massachusetts.I’ve done some flips in the past that I’ve lived in and resold years later, but this will be my first multi family property to rent out, and I’ll be buying it cash.Without it being financed, I have some additional concerns over keeping things anonymous and ensuring that an LLC is set up properly for protection.A local real estate attorney has quoted me $1,000 to establish an LLC, in addition to the MA filing fee.

The interest accrued is added to the balance just like any other savings account.

One $1k thing went $483 to a plumber, the balance to city utility bills. 

Apparently chase assumes 1% of the HELOC against debt so i am being slapped with a $4350 payment assumption despite having 0 outstanding balance on it.

Casey, It is legal nationwide to wholesale however make sure to get all purchase agreements/assignment contracts reviewed by a local attorney to ensure you have the proper verbiage & contingencies.

Commercial deals usually require more down payment as well (20-30%), not the 10% down that you see with the 1-4 units.The smallest loan minimum I've seen for 5+ units is $250k, but most consider a small balance commercial loan to be $500k+ or $1M+. 

Unless this is a situation where you are turning the property around significantly, I'd only use the owner's current numbers to structure your offer.Some experienced buyers are paying higher prices because they know they'll be able to come in and execute their plan properly. 

However providing that you approach it right.. using proper strategies such as described by Jeff... then you will be able to gather that money...