Hey everyone!I am looking at buying my first "home". I put that in quotes because the property I am looking at is zoned as a commercial building with a gutted upstairs apartment.I'd like to purchase the property with...
Hi,Does anybody have any experience buying commercial space? I am looking at a second floor of a building on a busy street in New York and the price seems really good. How would I go about analyzing this property prop...
Hi BP. I've been on the phone today with a credit union and I'm finding that they are willing to give 30yr terms vs the banks I've spoken with who seem to only want to give me 15yr terms on investment properties. Am I...
Hello BP Forum, Looking for a creative financing suggestion. for a 10 unit off market property, Seller agrees to carry note for 45% of the value. Does conventional lenders finance if seller carry the note for some po...
Hey everyone, im in need of your expertise again. I have a property that i love but im having trouble getting it funded because its a mixed use property. Someone suggested I find a private investor to be the bank inst...
HiI have a four plex in Ohio its net profit is around 17k a year. I'm currently trying to refi/cash out . The problem I'm having is since it's a four plex it gets appraised as a residential property. Therefore the ap...
I was told getting an attorney for commercial RE deals is a must, but does it still make sense for smaller deals like 5-8 unit apartments?
Hello - I’m interested in a 6 plex priced at $490,000. After 20% down, the loan value will be around $400k.Since it’s a 6 plex, regular FHA will not be applicable. For commercial loans, the minimum amount to borrow wi...
Hey BP,If you have the ability to put together enough capital for a 20-25% down payment without a current source of taxable income for a rent property, what options are there for financing? Thanks!
Is there an insurance company that can blanket 20 rental properties or put all those properties on one insurance policy?