The balance is due in 20 days and I didn't think that I would be able to secure a conventional mortgage in that short time.

The questions that we have are with regard to securing the loan for the rest of the deal.

However, I am also concerned about the possibility of a bank not renewing a loan and not being able to secure financing.

This will be owner occupied - we intend on living in the primary house and renting out the apartment in the back.. i would just like to secure a conforming mortgage to decrease the overall costs.

Even if remains they returned the note making the DOT ineffective, it only secures the outstanding amounts owing, if you owe nothing, it secures nothing.

My name is Grant, and I'm new to BP.

.$50,000 loan secured by a property in the suburbs of Cleveland.

I would want a hold deposit equal to the security deposit.

If you decide to go with college rentals get co signers and decent security deposits, Dont forget the credit check and condition reports they are important.

the fact that the loan is in your name exposes you to the risk, i believe.however, getting a loan under LLC is impossible. noone will do it. they want the "security" of you backing up the loan.also comercial loans are crazy expensive (40% down with 8% APR or there about).having said that....we buy ours in our names then transfer to LLC via quit claim. whatever happens happens, i suppose..