Jimmy Klein
Blind Auction? Commercial Real Estate?
I know this board is mainly for SFHs, but wanted to discuss CRE auctions.There is currently hotel in foreclosure being auctioned off soon. The hotel is being auctioned off. This is essentially a blind auction as in no...
Cristian Castro
Sheriff Civil Real Estate Sale?
Hi, I'm wondering if anyone on BP has purchased a home from the sheriff civil real estate auctions in either Indianapolis, IN or in their own city. I've called and they don't give much information on those types of sa...
Bob Foglia
Colorado Commercial lease
I have a general lease question regarding the enforceability of a clause. Let me condense this as much as I can... I'm happy to elaborate if needed...Scenario:Two partner, member managed LLC... Partner 1 signed origin...
Faysal Alam
Refinance a car under llc to reduce DTI
What banks or credit union can I use to refinance a car under my LLC name , my car is a 2023 Tesla model y performance , I owe $42,500 on the car , I’m looking to refinance the car under my business , my business was ...
Ronan Donnelly
Investment Real Estate Mortgage Brokers
I have previously financed a couple of investment properties in Chicago, IL through a mortgage broker called Guaranteed Rate who found me loans with Wells Fargo and Chase.
I would like to switch to an alternative bro...
Jason Krick
Commercial loan and credit report
As the title says, my question is about a Commercial loan to my single-member LLC. I provided a personal financial statement, and a personal guarantee on the loan (standard). I was just wondering if the payments on ...
Tyler Winters
FHA 203k loan help in Chicago
Any lenders in the Chicagoland area that work with 203k loans? Looking to house-hack on a two flat in Oak Park. Thanks!
Todd Willhoite
How does financing work on NNN investments?
In the NNN world what does typical financing look like? i.e. What are typical term lengths? What are typical interest rates? What is a required minimal lease term remaining on NNN tenant? What is minimal amount of...
Mark Ferguson
$150,000 remodel for tenant on $6,000 a month lease?
I have ventured into the commercial world this year buying a small shop for storing materials (I have 20 flips going and need a lot of space) and cars, a 7,500 square foot office building, and a 1,600 square foot indu...
Bharath Raj
Negotiating offer on a commercial
I am trying to buy a commercial office space that' 100% occupied. The NOI is $34k (I verified it to be true, with a more seasoned investor). I am trying to buy it for a cap rate of 4.8%. The local commercial bank said...