I'm trying to buy a residential property under a commercial loan.My commercial lender will have no problem giving me the money- I already spoke to him about it- this is one of the smallest deals I've ever done- but my...
Hello all, so this is my first post here. My realtor came across a 6 unit complex coming on market soon. The number check out and all looks good. Only issue is financing. They are asking 475k and I don’t have anyone w...
Opportunity to purchase a portfolio of 5 neighboring residential properties. Is it possible to bundle them into a commercial loan? Or does each property require a unique mortgage? Seeking advice on options, both conve...
My wife and I live outside Los Angeles county in California and have about $300K in capital and both of our credit is about 700 each. We're looking to get into REI with our 1st property being a commercial say 8-16 uni...
I am in process of buying my first investment property and need some advice. I couldn't find any lender who will give a conventional loan to a LLC so I got the mortgage in my name and the idea was to transfer it to LL...
Hi all,I am in the process of seeking out financing for my first out of state buy and hold deal. The properties I am targeting are in the 25k - 60k range located in Milwaukee. One of the lenders I contacted stated tha...
Our tenants will be moving out in a few months which prompted us to think about what we wanted to do with our rental property. It's only been rented out for 2 years and it's gained quite a bit of equity (approximately...
I normally forbid tenants from operating a business from a residential property. However, we have a house on 100 acres and a tenant that wants to breed high-end dogs. These are professional people, not a puppy mill, a...
I'm completed the rehab on my first planned brrrrr deal. It's a SF I own outright in a 50/50 LLC partnership.
The home was in total disrepair so we had to strip it down to the bones.
In the current climate, we kne...
Is the typical down payment for a commercial real estate property 20%? I’ve heard differing stories so I’m a little confused.