I closed on my 1st multi-unit property at end of last year in Dec and I am in process of getting the renovations started.

Eventually the goal is to move to New York City, where I'm hoping to buy a 3-4 unit multiplex or multifamily home, keep one unit for myself, renovate the whole thing, and use the rental income to pay the mortgage, and maybe a little bit extra.

You are looking for a nonrecouse loan, which is more often used in larger commercial deals.

We are looking into refinancing the larger property and can do 70% LTV at 30 yr 4.125% with no points and minimal closing costs if we open accounts at the bank offering the loan...The question we have is regarding the remaining $15,000+ balance.

More capital = more projects or larger projects2) It is one more barrier to shelter personal risk, Case in Point, i picked up a property at trustee sale and recorded the deed as usual, Did not do an eviction because property was obviously abandoned.

Hi everyone,Haven't been here in a while - I've been working on expanding my physical therapy practice.Found a space that will need to be renovated, and was wondering what is out there with respect to lighting?

While some HMLs have a repeat customer base, it would be much larger if they could compete in a wider range of borrowers.

People who are buying there are either doing major re-positioning - i.e total renovation of building or space and/or betting on huge appreciation.

I have never heard of that but if it is fairly common in your neck of the woods Im sure that definitely made you more comfortable.My concern would be that something could possibly happen to the home during renovation (fire, tornado, etc.) that would destroy the property and you would not be the named insured on the policy.

Granted, that figure is not to make it look beautifully renovated, but still.