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Hey allNewbie here. My question is how important is 'previous experience' when it comes to applying for a first time commercial loan? Do not own any rentals however looking for a small 6-8u MFH in the midwest. If w...
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My partners and I are trying to figure out our financing for a couple deals we currently have under contract, as well as any future deals. We will be establishing an LLC for each buy and hold deal we close and intend ...
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Hello, every one. I'm looking to establish a close rapport with a local bank around the Kansas City Metro. If anyone could give some recommendations on banks or brokers they have worked with it would be greatly apprec...
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Trying to establish an initial relationship with banks so as to qualify for a commercial RE loan. Can my business partner transfer an X amount in my business checking account for me to “borrow” and eventually give bac...
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I did a search and wasn't able to find much on this.
Wanted to see if anyone has used/tried to use/thought of using a commercial guidance line of credit to fund their flipping.
I'm talking to a community bank here a...
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Hi all. I am curious what kind of information should I gather and offer to my prospective buyers? I would like to create a standard where I provide the same amount of info. and all the info. my buyer will need to make...
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Good evening everyone,I am fairly new to the commercial real estate and began mid-2020 by educating myself via various channels (books, podcasts, YouTube videos..etc).I am in the Dallas Forth Worth area and I have beg...
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I'm looking to buy 1st position non-performing notes collateralized commercial real estate assets. Environmental distress is a plus!If anyone could put me into contact with any direct sellers, banks, servicer that wou...
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I see this mistake on so many new client's previous returns...Are Short Term Rentals depreciated over 27.5 years or 39 years?Residential homes are depreciated over 27.5 years.
Short-term rentals are considered nonres...
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Are lenders pulling back or am I just not shopping the right ones?I have a line on a deal for a property that I believe is undervalued and has great future potential for improvement. It follows the first 3 rules of r...