Hello BP Forum, Looking for a creative financing suggestion. for a 10 unit off market property, Seller agrees to carry note for 45% of the value. Does conventional lenders finance if seller carry the note for some po...
Hey everyone, im in need of your expertise again. I have a property that i love but im having trouble getting it funded because its a mixed use property. Someone suggested I find a private investor to be the bank inst...
HiI have a four plex in Ohio its net profit is around 17k a year. I'm currently trying to refi/cash out . The problem I'm having is since it's a four plex it gets appraised as a residential property. Therefore the ap...
I was told getting an attorney for commercial RE deals is a must, but does it still make sense for smaller deals like 5-8 unit apartments?
Hello - I’m interested in a 6 plex priced at $490,000. After 20% down, the loan value will be around $400k.Since it’s a 6 plex, regular FHA will not be applicable. For commercial loans, the minimum amount to borrow wi...
Hey BP,If you have the ability to put together enough capital for a 20-25% down payment without a current source of taxable income for a rent property, what options are there for financing? Thanks!
Is there an insurance company that can blanket 20 rental properties or put all those properties on one insurance policy?
I bought a property from the sheriff sale for 28k$, put some minor work and leased out for 750$ per month. The property is worth on the market for 45k$. My go to commercial lender can’t do the refi since the property ...
I had quite an interesting conversation with a broker today who happens to also be a developer and an investor. He brokered many commercial real estate deals/investments around my area. In fact, he sounds like he eit...
Hello BP,I am looking at a deal in Illinois where it's an owner that has 3 commercial building with residential up top and commercial storefronts at the bottom of these buildings. I really would not be interested in ...