Here is some language from the one we are using:

2. The entire proceeds of this loan are to be used for a business purpose and not for personal use and the property will be rented for a period in excess of 12 months....

How is aprasal done with two houses on one property. First house is the original and is a 2/1. Second house is a two story garage that was converted into living quarters and just recently remodeled 2/1. The houses ar...

Hello,
I want to use my equity in one of my SFRs to purchase a short-term rental (I currently have 8 LTR) . I have been searching for a bank that will do HELOC on a rental, and so far, the only one I have found that...

I am a property manager in Cleveland and my business is thriving. I am in the process of buying another property management company in the Cleveland area to grow my PM business faster. I have the systems in place that...

This is my first post so I will be a bit over indulgent in the details. However, I am hoping that a few more experienced members can PM me to provide some advice.Background: I am a corporate lawyer that started purcha...

Hello! I'm in the process of signing a contract for a multi-family in Houston. The property has 24 unit. I've been given 2 quotes from solid lawyers. 1) $3,500 flat-fee: Includes review of PSA, title and survey work, ...

Just ordered our entrance gate yesterday. Will give you a run down on gate systems we use. We are in a blizzard so hey, got time. Over all our road ways are 25 foot wide. Use a 20 foot (drivable space) gate, the actua...

Hello everyone!I have been studying a lot of real estate financial modeling and analysis, specifically for commercial real estate and I understand all the concepts, terms, and calculations very well.But I am strugglin...

Any STR experts in waco!? I live in Houston but am very interested in purchasing a home for Airbnb in Waco. I’m unsure of their regulations on short term rentals? Any advice!? Any steps I should be taking before I pur...

Hello everyone. I am fairy new to the real estate investment lifestyle, and am thinking about getting into multi-family. My question is, what are the general requirements to get a commercial loan? 25% down? And what a...