Edna Salinas
sources of DSCR lending
New to DSCR loan. Does local credit unions do DSCR lending, or one must get it through broker or a loan officer? I am in Phoenix area, any suggestion of good source for that? Thanks.
John Hauser
Financing Dilemma
Hey everyone! I have a rental building that I own with two partners, on the south side of Chicago. We own it free and clear, and it generates a profit of about $600 per month, and will about double when we get th...
Matt Everling
HELP! My tenant caused $16,000 of damage!
Seeking solid advice. I bought a SFR 1.5 years ago and did a full rehab that cost me $22k. My first Section 8 tenant moved into it, stopped paying rent 6 months ago and has total trashed it. I finally got them out and...
Andrew Allen
Seeking advice for partnership on small multi-family deal.
Hey all!This is my first forum post and I'm excited to get more involved with this community! I have a deal opportunity with a partner that I am looking for opinions on. The Deal:- 5 unit multi-family home, all one be...
Marie L Reilly
I am looking at the Mel & Dave program
I have been in touch with them and they seem to have a good program. The 10K price though seems excessive. It is 3K for the 15 hour training. Thats also pretty high.. Has anyone taken that course or joined their actio...
Kim Hopkins
Incentivizing Broker with Extra Commission to Rent Space Faster
Hi Everyone,We have a large (25K SF) tenant who currently occupies over 50% of one of our properties and is behind on over 3 months of rent. We will probably demise the space into 5k - 11k SF units going forwards. We ...
James Xie
First deal on commercial real estate
What's up guys. New member needs some advice.Recently I came across a warehouse in NY, which is about 5,000 sf. And only 1 tenant occupy whole property and have 10 years lease remaining. Owner ask $950kProperty tax is...
Quentin B.
Conventional lending options for 1st deal with multiple partners
I, and my two other partners, are completely new and looking to do our first multifamily deal together investing our own money and using a conventional loan. We learned quickly that purchasing through an LLC would b...
Matt N.
Distributions or Not from LLC and strategies??
I formed a partnership with an investor and we have $300k sitting in the operating account. Rather than paying a property manager a $1,000 fee to place our tenants in the property, I am doing that and partner told me ...
Ryan Robinson
How being a guarantor for a LLC impacts your credit
I'm getting a commercial loan to purchase a property under my LLC. Since this is my first purchase, I'm being asked to list myself and my partner as guarantors. How will this impact our credit?Is there a benefit ( a...