We have plenty of money in the bank from the sale of a home in CA.

Turn Key Type 1 vs Turn Key Type 2 1) Assumption: Turn Key – Type 1 Company Name Invests Mostly Passive Investment 2) Assumption: Turn Key - Type 2 Taking Property Subject To Mostly Passive Investment Assumption: Investor has to get financing from a bank or from Turn Key company Or Invests $80,000 cash Requires $16,000 cash plus closing costs Assumption: Investor takes over seller’s loan (Subject To or Wrap) and does not have to get financing from a bank or from Turn Key company.

I own a 5-plex in a small town in East Central Nebraska, and have actually had people who say they were appraisers from my bank (they weren't) go into the building and try to talk to tenants about the kind of info you were describing as well as looking to get my number. 

Of course, there is no guarantee the bank will accept the asking price....they will look at comps. 

I can imagine it will be tough to get pre approved from a bank.

This helps allows us to be able to get financing from pretty much any local bank.

Buying a 4plex all 1 bedrooms from this older guy. 45k I am putting 10k down to my bank and my bank sent me an email and had the following offer... can someone breakdown the last section for me, I guess I am not familiar with shorter ammortization technology and how it works::;;;$35,000 FIXED at 5.375 for 72 months. 

This is just the latest in an arduous process, to find the deal under market value on the land, rezone it to multifamily district (long and costly process), permit a six suite rental (difficult with many technical fire code and structural engineering challenges), build the units (using all my experience in home building and every possible favour and technique learned over the years to project manage), get financing to finish construction (from a private lender after the bank lenders totally dried up on this type of financing), and pre lease the units while under construction to quality tenants.  

You also may need a new certification of trust to take into banks and brokerage houses to show you have the authority over those accounts. 

I'm looking at a multi-family property and one of the closing conditions for the bank to approve the loan is an environmental form that they want the seller to fill out.The seller says that he would open himself to liability if he filled the form out and hence doesn't want to fill it out.The seller and his agent are very difficult to deal with (rude, abrupt, and generally uncooperative) and the only reason I'm pursuing it is because the numbers look good and it's a strong property.The bank says the only alternative to the form being filled out is to have an expensive Phase I environmental assessment done.Are there any other alternatives to this?