20 May 2017 | 8 replies
This type of financing is traditionally for 1-4 unit properties, but a couple of the Big-5 were/are underwriting 5-6 unit properties with residential lending (this is their attempt to target an area where commercial lenders will not lend).One challenge you will encounter with smaller commercial properties (5/6 to 10/12) units is the deal size may be considered too small by many {commercial} lenders who are not usually interested in underwriting financing less than $1-2M.An option would be to approach a credit union as they frequently underwrite any rental property with commercial lending and will look at smaller deals.When you do finance a property commercially, while the debt will not be registered against your personal credit, the lender will want to confirm your financial house is in order and you are not personally leveraged too much.
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3 December 2022 | 15 replies
@Michael Avillion my biggest regret from 7 Active duty years as a commissioned officer is I didn’t buy at any of my 4 duty stations.It doesn’t even matter if you don’t love your house-buy something the right size now and trade up when rates are lower or just sell when you pcs.
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27 June 2019 | 21 replies
. $15-$25/hr in Fort Myers is typical, but it does depend on job size and what needs to be done.
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7 January 2019 | 8 replies
You are probably looking at possibly subdividing the lot into another single family lot (if you have enough frontage and lot size per code).
4 May 2020 | 15 replies
It is also a high profile site with lots of visibility.A moderately sized marijuana company has approached me regarding a lease for a retail establishment in this site.
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1 December 2022 | 8 replies
The amount depends on the size of the storage unit but mine range from $15-25/month.
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1 December 2022 | 6 replies
Make sure you are asking for a good sized deposit, and when renovating, use materials that are hard to damage (LVP on the floors, higher sheen with the paint, higher quality faucets, maybe solid doors).
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1 December 2022 | 0 replies
The larger size and lower monthly fee of the space lends itself to being a better option than local hotels.
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18 October 2022 | 11 replies
Each has its own unique "issues", and require different skill sets.Class C - "Mom and Pop" rurual facilities non climate controlled, smaller in size. 50 to 200 unitsClass B - Second generation, suburban, may be climate controlled, mid sized. 200 to 400 units.Class A - Urban, fully climate controlled, larger facilities. 400 - 1,000 units.
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30 November 2022 | 8 replies
@Sarah Davis 60% vs 55% of a typical lot is about the size of an efficiency or an adu.