I would start buying buying quite a bit of Multifamily Apartments and Storage Units to create monthly income and grow my $1 Billion.

I am confused how I hear of these investors getting a RE license and then using it to grow their portfolio.

I had bill collectors calling my house growing up and I never want to experience that again.

But what they did was keep it as an in house loan and charge an extra 1% (if i remember correctly) for a fixed 15 year rate then a one time balloon to increase interest for the last 15 years of the note.

I’ll have to remember your strategy

Remember, you want to get your hands on the property.

I can’t remember what their percentage was for the origination fee.

MonthWanting information on getting commercial loan this is new to me I have 15 doors mostly single families and wanting to grow into larger complexes Thank in advance David

If I remember correctly, the trustee sale fees were fixed or capped by the state. 

If this is a one time shot then fly your friend in but remember housing him costs, transportation daily to work, food costs, airfare etc.