I am jumping into the real estate game with both feet, and I'm really interested in the benefits that multi-family properties bring.

After my clients would select a loan program I would tell them who we were dealing with, "this loan is through Lincoln Services who will be buying you/or funding your loan" or whom ever or, I'd tell them it's our portfolio loan made by us/me.You may have to pay some fees up front in a commercial loan, get a break down of each fee and where the money goes and who performs the services required.Under the SAFE Act, a broker may not charge a fee for themselves, but they can collect appraisal, credit report or other third party charges necessary to process the loan.This goes to show that borrowers need to do their due diligence on lenders as much as lenders check out a borrower, especially if you're not walking into a bank.Sorry to hear your situation, good luck with the matter

The plan is to buy, hold but would be game for adjustments.Thanks again,Matt

If its single family, neither, you put them in your name unless you are worth a few hundred million and are worried about the liability.They don't give conforming mortgages to LLCs or S corp, they give them to individuals, which allows you to lock in the low rates still available for 30 years.After you have 10 mortgages, you will have to do something else going forward on financing, but for single family just buy a good umbrella policy.Multi-Family is a different game completelyandy

You can play that "catch me if you can" game along with him, which your "not like the go around knocking or doors" comment suggests.

With this foundation you should be able to basically assess any small business operation, meaning you can better judge what commercial tenant you might select.

A lender independently verifies ARV using an appraiser selected by the lender and paid for by the borrower.If I was your lender, I'd want monthly interest payments.Two years is a long loan.Your interest rate, 9%, is a reasonable rates for a private lender.

Yeah I'd be a little apprehensive to invest in Lowell,Lawrence but as long as the #'s make sense I agree I'd go anywhere too.What you say makes a lot of sense, I feel like I have been doing a lot of reading and learning on this site and in general, plus being a broker and younger guy I have some tools to get in the game.

We live in the apartment now, but we will rent out the apartment and offset our overall mortgage eventually.That would get us in the game, but we would really like to start acquiring rental properties sooner.

I've been looking at Galveston Island for my next purchase but I need to meet/select a property manager first.