All Forum Posts by: David D Painter

There is nothing illegal about having a mail drop address. I did it for years. POBoxes can cause problems with credit card companies and some deliveries.

I find fan blades often droop due to humidity.

On most commercial loans a bank will require you to have anywhere from roughly 20 to as much as 50% of the purchase price or appraised value (whichever is lower) as a down payment. You may be able to juggle the figures some but if you are looking for a zero down payment commercial loan you probably won't find it.  If your numbers are accurate by buying this you would instantly have some equity in the building which is a great thing.

No.

@Natalie Kolodij  Seems like you might need to time stamp applications.  I just shake my head in disbelief at the overreach of inept government trying to control others businesses.

I probably shouldn't admit this but I have never done a credit check on a prospective tenant.  I end up with really good tenants.

I have dealt with low income folks with good credit and some savings. It has worked out very well for me. Good luck!

I watched a lot of these fellows get a lot more humble by loosing everything in 2007 and 2008. They were using 100% "OPM" and living big. I hate that term! Most of the acronyms in use I don't know. I can't tell you what my ROI is on anything I own. I just don't buy anything I cannot afford and make a few bucks on.

I am not sure exactly what you are trying to force the lender to do? Is it becoming a safety hazard or eyesore to the neighborhood?

I have to agree, either you are a good agent (or any occupation) or not. I never thought about looking for an investor friendly agent. 

I am surprised reading this and other threads that agents provide re-hab costs.  I had never heard of that. Me and my local fellow re-habbers figure our own costs.  I don't expect my RE to know what Level of finishes I am planning or what I intend to replace or repair.