Hello BP Family,How do you all determine numbers for a commercial mortgage when estimating if a property if worth purchasing? Below are numbers I have (50% rule), the main concern is how to get accurate estimates (tha...
I know that commercial lending works different that residential mortgages, but my question is more about what these lending institutions are looking at when they are making their decisions.
1. When crunching ...
Hey gang,
So I was wondering about the process for making offers on Multi-Family apartments.
I've had experience with purchasing small office and 1-4 unit properties in past.
I was wondering wh...
There are profits to be made in commercial real estate in the Asheville area in 2016.Attend January’s CREIA is monthly meeting to hear the exclusive insights of Asheville’s top commercial and retail real estate develo...
Hi BP,I have access to the MLS and do look at loopnet once in a while. What I noticed is that it lack larger multi family listing. Once in a while I see a listing for 20 or 30 units on there but most of the time there...
I think I confused myself. Most hard money lenders will require you to close in an LLC. How are people refi'ing in a conventional loan after their rehab to get their cash back out? Don't think you can get a convention...
I Recently Got my New York State License. I feel Like my Strengths are More aligned towards Working Commercial side, I’m very Analytical Person. I’m a Agent with Keller Williams . What advice you have for me?1. How do...
Would you recommend doing something like this?
Using SFH primary residence with a HELOC (ex. $425k) to purchase a 12-unit Apartment ($1.5M) with 25% down ($375k from the HELOC).
The remaining $50k from the HELOC cou...
Hello BP,I recently found an 8-plex property on the market and I'm wondering what the terms are for a commercial loan in order to get that property. So far I've been seeing 5-year terms, 20-year amortization, and belo...
I've been looking at financing options. I own six rental condos, all free and clear. I'm ready to leverage some equity to grow my rental portfolio. Personal dti is on the high side for most conventional bank loans. Do...