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...
Is anyone having success getting a commercial line of credit in Ohio (NE)? I have called multiple credit unions and a few banks with no avail. Not looking for hard money but would like the line of credit to purchase m...
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...
Hi Friends!
I'm a realtor currently working and doing pretty high volume in Minneapolis area residential sales. I'm thinking about transitioning to commercial and wanting to chat with others working in this area. Wh...
Hi all, I am looking at a property which currently has 3 residential units on a 7,200 sq ft lot. The updated zoning allows it to have MUCH higher density and it is right on the main street. The requirement is that the...
Hello, if I was to borrow money from a Hard Money lender and wasn't able to pay them back, do they report this to the Credit Agencies? Thanks
BP,I am consolidating a loan on 4 properties to 1 commercial loan. (Need to get them out of seller financing deals and want to make room form more conventional mortgages) I have been proposed the following deal and ...
First time poster here and seeking advice for something that I cant find much information on.
I am looking into getting my second investment property (first being a duplex). I buy and hold to collect rent. The proper...
Does anyone know of any classes that could help with analyzing multi-unit properties? This could be anything from a actual multi-unit or real estate, to a math or statistics class?
Hey everyone !! I’m Hayden I just turned 16 and i want to get into commercial real state, the thing is im super confused and don’t know what the best route is to start at a young age. I have a lot of questions about c...