All Forum Posts by: James Range

@John Underwood Thanks. I’ll look into Zelle!

What are the best apps to collect rent? Going to be having our first rental soon and trying to get all of the processes in place. Thanks in advance!

I am looking to refinance an SBA 7(a) loan. I got the loan when I was the owner of a gym and we used the loan to buy land and build a new gym.

Now, I am looking to do an asset sell of the gym equipment but hold the building for the new owners. The only problem is that I have to refinance because the 7(a) loan requires owner occupancy, and my business will no longer be occupying. I'll just be renting the building to the new gym owners.

I had an appraisal performed a couple months ago, and the building appraised for $260,000. I need to refinance $180,000 so the LTV is 69%.

I also have a 2 year triple net lease in place and ready to sign once I get the refinance. We will be getting $2,050 in rent each month.

Any ideas on what I can do?