Loren Miner
Apartment to AirBnB to Condo Conversion
Here is a healthy modern day brainbuster. I am currently underwriting the following play -Currently a 25-50 unit multi-family. Primetime location. No shortage of traffic. Renovated each unitConvert to full-time Airbnb...
Loren Howe
Weird insurance quote situation - any advice?
It’s my first time buying a commercial property and I’m still in escrow. I’m naive and wanted to get some input on what may be happening and what you would do.
To avoid escrow delays and tenant upset, I decided to...
Patrick Rowe
Commercial Loans Vs Conventional Loans
I have 4 single family rentals finance in my company name with commercial loans on them. I would like to the pros and cons on financing them with a conventional instead of a commercial loan.
Yannes Chiang
So diificult to find multifamily loan < $500K
Hi everyone,
Need help! I find it extremely difficult to find a bank/credit union providing <$500K multifamily loan in San Anatonio TX. Most of them rejected me by saying they only do commercial multifamily loan...
Jon S.
Prorate first month or change due date
Do you prefer to prorate the 1st mo rent or change the due date? I’ve always pro-rated the 1st month but now that I have property mgmt software it can easily keep track of multiple due dates. I have a tenant moving in...
Danielle Moniz
Refinancing to increase cash flow or is there another way
Hello All,
Since interest rates are low, I'm considering refinancing which would reduce my monthly mortgage by 50% up to 67% depending on terms. Is refinancing the best way to increase cash flow for investing or is...
Rich Rifkin
How the Mortgage Industry works
I've been teaching this for 18 years and many have asked that give a brief explanation.
Banks, Mortgage Brokers and Lenders have the same rates and programs everywhere in the United States. An advertised special i...
Jeff Jansen
Looking for lending advice!
I have 2 new seller financing deals that I would like to refinance to better interest rates and need a little help deciding to look for private lending or conventional from a local bank. Located in upstate NYDeal 113 ...
Sanjoy V.
Brokerage firm or bank for loans
Is it best to go with a brokerage firm or shop around with any local smaller banks for better rates for a multifamily loan 4-5 million?
Chris Drumm
Owner finance 8.5% rate
If you can do an owner finance deal for a buy and hold property with 5% down and an 8.5% interest rate, is that reasonable or is that rate too high? I am hearing that in this situation it is a fair rate but i want to...