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I'm in the market to acquire a 10-unit apartment building with a purchase price of $950,000. I find myself in need of a loan or lender who can provide a 25/30-year amortization with a fixed rate for the entire term or...
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Hello all. One of my clients just got a really simple claim turned down by his Berkshire Hathaway owner's policy. Someone broke in, and cut all the electric out of the basement. Berkshire said theft isn't covered, but...
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Hello
I'm in Fairview Illinois which is in the St. Louis metro area, and I have been trying to invest in real estate for a while now. I just recently heard about the Debt Coverage Ratio Program and I was wondering i...
I am renting a detached garage to someone that is not a tenant at the property- they are storing their classic car there and plan to keep it here for about a year while e builds a new garage at his house, will not be ...
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I have a 4 plex our premium sky rocketed to $8900 a year. I'm thinking about selling but thought I'd reach out to the community to see where I might find a reasonable price? I'm hoping for $4000 or less...
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Hi For first time private lending to rehabber - trying to figure out - how this works1. What should be lending terms?2. What if rehabber drops/delays the project?3. What if property does not sell as fast you would lik...
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Hey everyone,As of April 1st it seems bank have seriously slowed down on giving residential loans on cash out refinances of investment properties. Are you finding that the next best option is a commercial cash out ref...
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What home insurance do you guys recommend to have on a short term rental? Do you have an insurance besides the Airbnb cover that is provided?Any answer is appreciated.Thank you!
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Can anyone tell me which one of these loans is better for an apartment building? What are the key differences in terms compared to each other? Can someone also describe the process of obtaining either loans?Thanks!
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Multi-Family apartment buildings 5 or more units are zoned Commercial and therefore fall under commercial loan guidelines. Commercial loans are full documentation with a full income analysis, making it hard at times f...