All Forum Posts by: Bora Candiler

thank you for your response @Ed Wood

So my understanding from your response is I cant get financing since its a "4 unit residential and a commercial office" building. bank will not finance more than 1 unit? i will live in one of the units.

ps. thank you for the lengthy response.

thank you for the response @Adam Roberts

I rather have both of our names on the title. how will the bank finance only half of the building? is that even possible?

thank you for your response @Adam Roberts

My partner does not have any established credit in this country. He has a SSN but he lives outside the country. would he still be able to partner on the mortgage? If I cant make the payments in the future, how will he secure himself from the bank foreclosing on the building?

Hi @Carson M.

thanks for the response. Again I dont know if an LLC would protect his $250,000 in the deal, in case something unexpected happens and I cant make payments.

creative financing? please help. i'm trying to buy a 4 unit multifamily and a store front building. my partner will bring in $250,000 cash and i want to get a conventional financing from a bank for the other $250,000. will the bank finance me for half of the building? and who's name will be on the title of the building?