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All Forum Posts by: Jeremy Pratt

Jeremy Pratt has started 2 posts and replied 2 times.

Post: Lake Charles, Louisiana General Contractors?

Jeremy Pratt
Posted
  • Rental Property Investor
  • Laguna Beach, CA
  • Posts 2
  • Votes 3

Hello, Happy Fathers Day!

Does anybody have any good recommendations for a general contractor that could competently and affordably repair hurricane/flood damage in the greater lake Charles area? Thanks for your help!

Post: 30 year fixed mortgage for 6 unit rental in Colorado? Possible?

Jeremy Pratt
Posted
  • Rental Property Investor
  • Laguna Beach, CA
  • Posts 2
  • Votes 3

Hello All,

My parents are currently working through their first 1031 exchange and have run into a brick wall of 4-plex or less. My question: are there any lenders that will write a mortgage for a 6 unit rental property in Colorado on a 30 year fixed rate? We have been told that anything more than 4 units requires a commercial loan and commercial loans are usually only written with an ARM. Is that true?


Thanks for all your help, kind people of BB