My family has always been big into investing so I decided to spread my wings and fly on my own at a young age.

Louis doesn’t align with your investment goals, consider other viable options such as expanding your portfolio in NJ, exploring emerging markets, or diversifying into commercial real estate.Feel free to reach out for more personalized advice and to explore the best financing options for your investment strategy. 

Our counterparty has an attorney, who I believe would draft up the promissory note and personal guarantee documentation.

This would be my first real apartment building, I only own a 4 unit.

In my experience these are the levels of how financial fraud is doneLevel 1 - The “sponsor” is a fraudster from the beginning and the entire investment is a designed fraud designed to steal the investor's money Level 2 - The sponsor initially intends to operate legally and honestly but the temptation of easy access to money, usually fueled by addictions to drugs, sex, partying, etc. leads to the bad decision to line the sponsors own pocketsLevel 3 - The sponsor intends to operate legally but a crisis in their life resulting in a need for money leads the sponsor to “borrow” from investor’s funds with the full intention of paying it back ( which they are unable to do).Level 4 - The sponsor intends to operate legally but the assets under their management incur substantial loses; the sponsor attempts to cover up these loses by “temporarily” borrowing from one investor to pay another or submitting false results.

I went to lumber liquidators and requested that I can have a personal commercial account.

Collectively between our personal residence mortgage and rental mortgage we are at a 50% LTV ratio.  

Have you contacted apartments personally or are you taking the brokers word? 

My family owns REI Nation and Premier Property Management Group, where we handle everything from purchasing and renovating homes to managing them afterward.

However a non PGE meter would not allow ADU tenant to have utilities in their own name.