I have an excellent credit score - 760.What are my options outside of owner occupied FHA loans that would give close to 100% financing.

Greg it will depend on the portfolio of the bank and how many performing versus non - performing assets on the books.The bank might not want to refi that type of product with too much of that type of asset class non-performing on the books already.They might have too much defaulted commercial all together.For value add plays typically occupancy is an issue.The lenders will want certain occupancy levels obtained for at least 3 months depending on loan type and typically stabilized for 6 months to a year or longer.If you buy an apartment building at say 50% occupancy using a hard money lender or private money and the going vacancy rate is an average of 10% then the lender wants 90% occupancy averaged out over time.When you refi you will only be able to go up to a certain percentage to cash out or can just convert with no cash out to the lower interest rate.Regular banks do not lend usually on sub par occupancy levels for the area.They see it as too risky and the say 60% occupancy can quickly go to 30 or 40% and they have a foreclosure or short sale on their hands taking a loss,plus inspection reports,attorney fees,appraisal and environmental review etc.

For less than a cup of Starbucks, a user can get the privileges to post ads for deals, buyer's lists, loans they are offering or seeking, or can advertise their company, product, or service.

You also need to take into account if your competition is waving the security deposit for qualified applicants,charging a pet fee or not,paying for any water,sewer,trash for the tenant included in the rent,including appliances,or giving a rent credit on move in, and many other factors.Rent rates can look good until you see how many landlords you are competing with,quality of the product,and incentives given driving down the net rent before debt service and depreciation.

I always wanted to know what a guru's product looks like and have sometimes been tempted to order his stuff.

Unless it is an excellent neighborhood I would say no.

Our fund doesn't buy self-storage so I don't know what the financing market for that product type looks like right now.

Thanks Sherry.I actually use Corelogic's Realquest product (Corelogic is the company, Realquest is the product) for looking up property owners names and running comps on a pay per search basis.

Make friends with a title officer and they will give you access to systems that let's you pull any document you want.If you have MLS access, the ones in California come with a First American product called Realist that gives you basic ownership info for free.

Sure you have paid down the note some but the higher interest rate on refi could make your debt service payments higher than before.It's easy to get into an property but sometimes much harder to get out of one.You have to think and plan for worse case scenario when structuring these deals.Many of these owner finance deals are going under the radar.I have already had some bankers tell me in the future they will call these as interest rates rise because of the DOS clause.So in my opinion it is an excellent time to load up on owner finance as long as the down payment and terms are right.