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I am looking to secure a loan for a hotel but think I may have some problems getting financing. I know there is a way. Any suggestions?Background- we are just about to finish our Brrr on our 3rd property of two doors ...
Hello BiggerPockets community! This is my first post!I want to get started in real estate. I read 4 books on RE investing and currently reading Brandon Turner's "The Book on Rental Property Investing" I live in NYC an...
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Should I buy a commercial property in New Windsor NY? Here are the details: -3 tenants, of which 2 of the tenants occupy multiple offices. The kitchen remodeling store occupies units 101 and 102. Hair salon occupies...
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I'm starting to learn about seller financing in the hope of doing a deal soon. Let's say the terms are that the loan amount is amortized over 30 years, but the length of the loan is five years with a balloon at the e...
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Hello everyone
By the way kudos to this website. I am new to this site and was blown away with the information available. I request if anyone can let me know what would be the best financing option to obtain ...
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All these "approval in 5 minutes" lenders online for HELOCS that offer 13% interest rates.........Is this the going rate for a HELOC?? They all seem to have the same application software that does a soft credit pull a...
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The question is, how would the following scenario impact taxes when filing the tax return the following year?SCENARIOGrantor deeds homestead property worth maybe 20k to person A. After some time, person A finds that t...
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Hello everyone,
Glad I stumbled upon the BiggerPockets community to level up my plan for financial freedom. I'm looking for those who have more experience to give your two-cents on what to keep in mind given my situa...
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Looking at doing my first partnership with another investor so very new at this. We’re looking at doing a 50/50 equity and rev split. Do we technically have to have both names on the title in order to share the equity...
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I'm considering delving into small multifamily or mobile home parks (for rental/cashflow) in the $500k - $1.2M price range.
My questions:
1. Since commercial financing consists entirely of balloon loans from what I...