Despite a LTV of 40%, despite top tier credit, despite a 160% debt coverage ratio (the net income collected will exceed the monthly mortgage payment by 160% after expenses are deducted), despite a property that's appreciated by $500,000 over the loan term, and despite a perfect payment record over the past five years, my refinance application was denied.I frequently see people on the forum asking about how they think they're close to being able to afford a commercial property and should they go for it.

Don't let the mortgage pymt, PI only, exceed 50% of your rent.This means with $1400 p/m rent you only want $700 PI which will allow you to pull out $130,000. payable at $697.87 pm with 5% interest for 30 yrs.Since your property value won't allow this you don't have to worry about pulling too much out.

Demand for these private money loans is certainly exceeding supply at the moment.

Our first foray into publishing continues to exceed our expectations.

The requirements of the safe harbor election for small taxpayers are: Average annual gross receipts less than $10 million; andOwns or leases building property with an unadjusted basis of less than $1 million; andThe total amount paid during the taxable year for repairs, maintenance, improvements, or similar activities performed on such building property doesn't exceed the lesser of- Two percent of the unadjusted basis of the eligible building property; or$10,000; andYou make the election to use the safe harbor for each taxable year in which qualifying amounts are incurred.

My ROI on one property will exceed the monthly cost of that 30k loan, more if its a multi unit.Thank you as well for your assistance.

Because assignment fees are also appropriate in most of these transactions, we encourage their use instead in order to save you the costs of paying for two separate closings.Please understand that the circumstances in which a double or simultaneous closing would be appropriate are exceedingly rare, and as an investor you are probably better served by looking at alternate financing and investment options.

We require that the household income exceeds 3x the monthly rent. 3) Do you know your credit score?

Because most of the time, your numbers will exceed 50%.

Problem is the updates make the cost exceed the market value of the home.