Vincent Priore
Buying Commercial Property that houses my business
24 September 2016 | 11 replies
SBA's regulations on leasing require that the small business occupy at least 51% of the rentable property if the 504 project is for an existing building and at least 60% of the rentable property (with the intent to move into at least an additional 20%) if the 504 project is new construction.Eligible Borrowers: For-profit, non-publicly traded businessesTangible business net worth (including affiliates) not to exceed $15 millionAverage net income of the business not to exceed $5 million over the previous two yearsOwnership must generally be comprised of 51% U.S. citizens or Legal Permanent Residents (some exceptions apply)Examples of Property Types Fountainhead Finances:Medical offices or medical facilities (such as labs and clinics)Office buildings (including office condos)Warehouses (and other industrial properties)Day care facilities (for children or adults)Free-standing restaurantsLimited-service, flagged hotels (some unflagged destination hotels will be considered)Auto repair shopsAssisted-living facilitiesCall to ask about many other property types that are eligibleIneligible Borrowers: Non-profits (except sheltered workshops)Passive holders of real estate and/or personal propertyLending institutions (mortgage brokers and correspondent lenders are eligible)Life insurance companies (franchised agents are eligible)Businesses located in a foreign countryBusinesses selling products or services through a pyramid planGambling concernsBusinesses which restrict patronageGovernment owned entities (excluding Native American tribes)Consumer and marketing cooperatives (producer cooperatives are eligible)Businesses engaged in loan packagingBusinesses that have previously defaulted on a Federal loanBusinesses engaged in political or lobbying activitiesIneligible Use of Funds: Working capitalInventoryRolling stockBusiness “good will” or “blue sky”
Anthony Polcyn
Bed bugs and land contracts
12 July 2015 | 6 replies
After much research, many calls to Ohio Health Dept., my attorney, and many sites on bed bugs, I have offered to pay for treatment up to $800.
Brent McQuilkin
Mobile home community
30 October 2015 | 2 replies
I did a drive by and it appears to be in a mobile home community im not sure exactly what to do here, im not too familiar with mobile homesOwner Asking:40kOwes: 46k (thats correct)(He's had some health issues and wants to sell)I looked at sales and theres two properties ive found in the area70k & 85k sold recently i had to go out about 0.9 mile..I want to help him im just not sure if i can. i may be missing info.Any help much appreciated.
Andrew Luong
Delinquent Rent Situation Advice
15 May 2017 | 15 replies
Not something they should be doing considering the health risks.
Michael Swan
Donald Trump Changed My Paradigm!!
23 January 2017 | 38 replies
In 2015, it was ranked as one of the top areas in the U.S. for health care jobs.
Jack B.
Sell rental now or spend the money to fix plumbing?
18 January 2017 | 8 replies
If you had lived in it for 2 and then rented it for less than 3 you would qualify.There are only two narrow pro-rated exceptions if a job related transfer or a health reason caused the move.
Lois Ginter
My First Year as a Landlord - C Properties
17 January 2017 | 7 replies
She then called the free legal clinic and they sent her a boiler plate letter on her rights, that she forwarded to me.
Bobby Gillespie
Permit Advise... For a Partially Completed Property Purchase
19 January 2017 | 2 replies
It sat empty because the guy that owned and was building it had bad health and then passed away.
Sarah Lorenz
55K cash out after purchase on this win-win-win deal in Ann Arbor
24 April 2017 | 3 replies
We have some retired relatives that have been struggling financially as their increasing health issues have led to soaring health care expenses, even with good insurance, a modest pension and social security.
Monica Narvaez
Water main leak/how much would it coast? 💧
30 December 2016 | 14 replies
That's creates a real health hazard tho.