I am currently approved for a commercial loan that is amortized over 20 years, but with a 5 year term. At the end of the 5 years, are these typically "refinanceable"? Or should I be aggressively trying to pay this dow...
I have a borrower who wants to make me an equity partner on a commercial deal he's looking at. There's a 6000 sqft building that currently has a tenant. Borrower has been around a long time and has a tenant ready to...
Hi, I’ve been looking at potential rentals and in the process have found a home my wife and I are interested in buying for ourselves. I spoke to the realtor and feel like we don’t have to get in a big hurry because ho...
Mortgage Update: Outlook is not good.
The economy continues to shudder to a halt. As I write, lower manhattan looks like a ghost town. My local coffee shop typically turns about $1,000/day. Yesterday, Carlos had take...
I'm 35 I have a good job and great credit however I'm not generating wealth for my family and I've realized that real estate is a vehicle that can get me there. I'm steeped in reading real estate books and listening t...
If private lending (immediate network of family/close friends) isn't an option, would the next step be a hard money lender? I only need it for the 20% down payment, not to finance the full asset, an 8 unit apt. Is i...
I've got an interesting short sale going with M&T Bank. I'm wondering if anybody has had any experience with them?
The loan was a construction loan and the amt is 460K. The borrower hasnt made a payment since M...
I was wondering if all private and HML in IL charge points?
I'm fairly new to the RE investing and would like to do some short term (6 months or less) in passive investing in the Seattle area. What's the best criteria in selecting a partner in working on a project in my neighb...
Forgive my ignorance, but I just want to make sure I am thinking correctly.
I have a home equity line of credit that is open and I can draw cash from whenever I want, is a business line of credit along the same theor...