It's crucial to note that this does not mean the buyer assumes the loan; the original loan terms and obligations remain with the seller, which includes the debt remaining in their name.The bank's involvement is minimal in the sense that the loan is not officially transferred.

Hello BP fam,  does anybody know of a way to get an SBA loan to purchase rental property without utilizing 51% for business?

I've been too busy rehabbing my 3 unit apartment building to really focus on anything else.But nonetheless, I have been keeping up with my less-than-professional deal pipeline.My first question regarding this involves raising capital to invest in deals.

I am a partner in a mobile home business.

I know the SLC/Utah market has blown up since COVID and may even be considered overpriced at the moment but just wanted to hop on here and see if anyone has any suggestions on areas that would make sense?

Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where I think we are in the real estate cycles (financial and physical market cycles)b) Then and only then do I pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.

I would give the tenants the option of moving somewhere else or accepting the situation.As you pointed out, your "therapist" is using your residential rental as a business, which is a violation of your lease.

She senses the weakness and will try to take advantage of the situation.I think there's a 90% chance she will disappear if you ignore her.

The private lender runs "a trade or business", like hard money lenders and professional money lenders do, as opposed to a casual lender such as a friend or a family member.2.

That doesn't make any sense, especially if you already closed on the loan.