All Forum Posts by: Dan Barli

Hi Shane, it all depends on your personal criteria and qualifications. Generally, commercial mortgages have rates that are higher than residential. Are all 5 units rented? Will you be living in any? Are you working with a mortgage broker or a portfolio lender? All those variables will affect the rate.

Welcome to BP Dane. There are tons of resources here that will help you.

Attend local REIA meetings and connect with like-minded investors: https://www.biggerpockets.com/forums/521-events-and-happenings
Read the Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing
Listen to the BP Podcasts: https://www.biggerpockets.com/podcast

There is a rehab guide as well. Good luck!

Congratulations Anthony. Did you close on it? What are the rents you're getting? 

Hi Juan if your offers have not been accepted yet, I think you are still fine with speaking with other lenders to see what they can offer you. I would just caution you on having your credit pulled too many times so as to not negatively affect your score.

I would recommend you have a real estate attorney prepare the lease you need Norman. It's pretty inexpensive and will probably give you more protections that you seek. 

Congratulations @Stephanie Duran!

It depends on who you listen to @Jesse Hogue. You can always find people who are saying a downturn is coming and others who say it's on the upside. It depends on your personal strategy and position. There are so many areas within real estate (commercial, retain, residential, multifamily, etc). I listen to Ken McElroy a lot as well and think he's a great person to learn from. With the "downturn," I am preparing to purchase more properties in the next 6 months. 

Congratulations @Brian Ellis! Hopefully it's the first of many for you. 

There are a total of 73 single-family homes available for sale. The entire package of 73 properties is only $6.49M. 

The gross rents are $687,120 per year.

Email me for more information.

I have used Fund & Grow several times to secure financing and always had good results. I will be happy to recommend them to anyone.