Franklin Marte
I’m 19 I have established credit I want to get a commercial loan
I’m 19 graduating college in 3 months I plan to work all summer and with my job I can come up with about $10,000-$15,000 in the summer and I want to get a commercial property that I believe generates about $5,000 net ...
Greg W.
documents requested by commercial appraisers
Hi, I will be refinancing my 7 unit building soon and would like to know, what documents do a commercial appraiser request to understand the financials? Would last year's tax return be enough? Or do they need rent rol...
Guy Yoes
Buying 5 duplexes: Commercial or residential loan?
I have an opportunity to buy 5 duplexes for 500K (5@100K each). I plan to 1031X two of my current properties (225K total) to make the purchase. I have talked to several lenders and am not sure the best route to take f...
Sam H.
Seller won't show property W/O POF..is that normal?
I have recently contacted a listing agent and requested to view the property. I was informed that the seller would not allow me to see the property until I acquired a Proof Of Funds or a Pre approval ( which as far as...
Account Closed
What/ how to become a commercial broker
I had the pleasure of sitting down with a very successful owner (for a school project, but this is a great way for them to give you time), I asked if he could recommend one thing he would do if he were me. His respons...
Paul Magro
Potential investment property with illegal dumping on site
I am looking to purchase my first property this year as a buy and hold. I have found a property which is RC-2 zoned with a 1950's house that I will initially use as my primary residence, an in-law apartment and a sma...
Ross Drucker
Refinance Conventional Mortgages to Commercial Mortgage
Hello all,I've been a member and viewer on BP for a while, but this is the first time I am seeking some help. I currently have 3 conventional loans on 2 rental SFRs and 1 two-family rental. I'm reaching the limits ...
Tracie Meador
Appraisals for apartment/sixplex
I have a building that has six units side by side that will be renovated and rented as studio apartments. This is in a rural area - was formerly a motel. Zoning is residential. This is somewhat of a unique propert...
Austin Nieves
Stuck - Two 4-plex rentals in Tucson, AZ
My partners and I bought two 4-plex properties in Tucson, AZ three years ago for $375k. They have been good cash flowing properties but the repairs have been more than we anticipated especially for our first investmen...
Carl G.
Commercial Loans to LLC
As a few of you know, I'm working on getting my rental operation off the ground. I have an idea I want to bounce off you regarding loans for rental properties.
I will be forming at least one LLC to run this operatio...