Hi Thomas,First, regardless of whether you own in your personal name or LLC, you really should have all of your properties on a commercial property form master policy type policy, with an agency that is licensed in all 50 states for many reasons, not the least of which are convenience, incrementally lower premiums, receiving some coverage you cannot obtain on a "personal" lines policy and really because anything used to derive income is considered by the IRS to be a "business" exposure, just to name a few.Pricing and structure of course vary by carrier and there are less than a hand full out there that can structure things the way I've suggested.Hope that helps.Ivan

I'm finding that because our loan amount is pretty small, there's several hurdles in obtaining this type of financing.The building is located in Chicago.Would appreciate any ideas.

A) Go with a hard money lender for acquisition and rehab, then find another bank to cash out refinanceB)Use a conventional bank for acquisition, a 2nd bank for a construction loan and a third bank to cash out refinanceHas anyone actually obtained a construction loan?

I have yet to to turn in a loan application but have ran into recent situation to obtain a personal loan 10k.

This community provide a lot of good information about real estate investing but does anyone know about a certificate program regarding real estate investment around Massachusetts area specially in the north shore.Thank you

This community provide a lot of good information about real estate investing but does anyone know about a certificate program regarding real estate investment around Massachusetts area specially in the north shore.Thank you

Pre- 1974 there are EPA lead based paint certification rule and contractors disturbing over a certain sq ft of space.If you do not follow you can face very stiff penalties into the five figures.Older building like that I usually go 60 to 65% of gross expected in costs.

It's good to know that obtaining financing is possible for Canadians.

When I had difficulty obtaining property characteristics as an appraiser, I would submit requests to county assessors office.

I have come across a possible deal that I may try to obtain via seller financing.