I was in the middle of shopping to refinance the property to a 30yr for a lower rate, but after my homepath contract was accepted, I have a few questions hoping I can get assistance on:1.

(Most are not motivated at all)I have gotten close to buying my first deal but something always happens to ruin it (like they shop around and find someone else to over pay for the property.)Overall I have not spoken with one person who is truly motivated.

BUT it didn't deter me...... we have no $$$ of our own..... we buy/hold, my husband has a great job prospect, so I had to be patient.... as our rentals build equity, as he moved up in the world...we collect our property.some we made work...forced to rent our our primary that is in boston (cash cow now)live in flip in a new construction in military town (only one that sold quickly b/c it was neutral)commercial retail shop (complete shot in the dark, cheaper than SFR, and it was $$$ and management FREE!)

Shop around for insurance, every couple of years in fact.

I always look at crime stats within a 1 mile radius of the property and then what is around it like shopping, schools, churches and parks.

They have done one for shopping centers as well.IREM has a full range of reports for each food group (Office, Shopping, etc) for 200 sheckels each.

He put in something like 420/460 amp service, commercial specs, emergency generator the size of a VW bus in the work shop, over a hundred grand of commercial gadgets, phase generator, lightning system and electrical.

You should probably shop local lenders to the property. 3rd party fee needs to be clarified before you ask about the exclusive and up front fee.

After one year the value will then be established at it's current market value estimate.A lender may only be owed 30k on a 60k property, if it's worth 60k that's what they are required to at least try to get as the remainder is equity of the owner and they have rights to that equity.No bank doesn't mind about taking a loss, they all mind very much!

However if you are talking larger projects like a 100+ unit building or a shopping center it is harder to get something substantially below market.