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Updated over 8 years ago on . Most recent reply

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9
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2
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Scott Garner
  • Accountant
  • Omaha, NE
2
Votes |
9
Posts

If you have more than 10 properties....What are your loan terms?

Scott Garner
  • Accountant
  • Omaha, NE
Posted

Hi BP,

I would like to do a survey of investors who have more than 10 properties and have bank financing.  What are the terms of your loans?    The banks/credit unions that I have been talking to in Omaha, Nebraska on the commercial lending side are typically providing terms of 5 year fixed with amortizations between 15-25 years.   What terms are you getting? 

Would appreciate your input.


Thanks,
Scott

Most Popular Reply

User Stats

4,251
Posts
2,631
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Lane Kawaoka
  • Rental Property Investor
  • Honolulu, HAWAII (HI)
2,631
Votes |
4,251
Posts
Lane Kawaoka
  • Rental Property Investor
  • Honolulu, HAWAII (HI)
Replied

3.25 for 30 yr am 5 year fix. But it makes more sense to team up with other investors and go big. SFH is not scaleable and if you do get over the 5 k per month level. Well you just created a JOB.

  • Lane Kawaoka
  • Loading replies...