Rental Property Investor · Grand Rapids, MI · Member since 2016 · 262 posts · 205 votes
Hi, all. I am going to see an 8 unit Queen Anne house on Tuesday. Asking price is 155k and rents all together are at 5k/mo. If this place is in decent shape, this will be a great deal! I do have the 20-25% to put down. Does anyone have any recommendations for any good commercial lenders in west Michigan? This will be my first experience with commercial property and I currently have 2 other rental houses. Thank you!
Jackie Botham, GR, MI
Glendale, CA · Member since 2013 · 303 posts · 67 votes
10y
Check recent transactions , see which lenders have recorded Trust Deeds on them, you'll then know who has lended out $$$ to similar properties in the same geographic area.