I met with a commercial lender today.  He could offer a 20 year note, 5.75%, and after 5 years instead of a balloon payment the loan would revert to the 1-year T bill plus 3%.This seems unique.  I don't know much abou...

Hi All,

I"m looking for a 95-100% LTV HELOC company on a primary residence.  I already have a LOC with Tower Federal Credit Union, so I cannot use them.  But I'm looking for a company that will do a HELOC on a new ...

Hello Everyone,I’m scheduled to close on the sale of my single family rental the first week in May, and will have ~$250k in equity to roll-over into one or more replacement properties.I’d really like to hear other mem...

Hi BP!Im offering on 2 duplexes that are next door to each other, owned by the same seller.  When looking at financing options what I've found is that I can do a single commercial loan which would be a 5 yr balloon am...

Hello All,I hope this post finds everyone either living your dreams or pursuing them. Like many of us, I fall in the latter category; hence, the reason for this post. I'm interested in purchasing a commercial proper...

I need some help thinking this through and making the best long term decision. I have 2 commercial mortgages that are on 5 year ARM loans with 15 year terms and 3 personal mortgages with 20 year fixed rates. I am a bu...

Hi, I am looking at purchasing a multi-family 3-flat in Chicago. The house sits on a lot that is currently zoned as B3-1 ("Shopping centers, large stores, and retail storefronts, often along major streets. Allows more...

Hey guys, I'm looking at a MHP with a 120 year old house on the corner of the park that has about 1/2 an acre to it. We're thinking of tearing it down since the upkeep on it is expensive and so is the insurance. If yo...

Hello. I am purchasing a property that consists of a single family house (where I would live) and a three family house (which I would rent out). I plan to take out two mortgages - a smaller residential one for the sin...