All Forum Posts by: MIchael McCUe
MIchael McCUe has started 34 posts and replied 78 times.
Post: Interest only business loan advice.

- Posts 79
- Votes 13
generally saving for real estate so I guess it’s kinda similar, Looking for business loans advice I wanna finance equipment ie.. ring saw and an excavator, is their a maximum for lease portion of the loan or is it like real-estate where eventually you declare bankruptcy on the property, I’m thinking.
Post: What do the majority of commercial and industrial properties use for financing ?

- Posts 79
- Votes 13
Quote from @Brock Mogensen:
Depends on size of deal and the lease in place. Longer term leases (10+ years) with a credit tenant will qualify you for non-recourse financing with IO. Shorter term lease deals with non-credit tenants generally go to local bank financing with minimal IO.
As a matter of fact that’s really cool is it the same with other business in finance like manufacturing and farming I’m gonna guess they pay some sort of depreciation ?
Post: What do the majority of commercial and industrial properties use for financing ?

- Posts 79
- Votes 13
thanks yall, I really appreciate the advice.
Post: What do the majority of commercial and industrial properties use for financing ?

- Posts 79
- Votes 13
I’ve always wanted to know
Interest only ? Or conventional ?
Post: QOTW: Are you buying properties in our current market and why

- Posts 79
- Votes 13
Quote from @Greg Scott:
Yes, I will always buy a good deal. In these times, I'm just more conservative in my underwriting.
Hey In Barrie ON CAD, with 50k down payment, will I get lucky in the market should I wait when will it happen ?
Post: Closed on my first rental property!

- Posts 79
- Votes 13
Hey man love the thread, I’m now going on 23 and I’ve saved 52 k with my parents as co-signers, I’m pretty good with basic Reno other then that I’m wondering about expectations it will be a fha financed deal
Post: Looking into my first property with 50k savings ( Barrie Ontario)

- Posts 79
- Votes 13
I will be 23 in july
Post: Looking into my first property with 50k savings ( Barrie Ontario)

- Posts 79
- Votes 13
Hello I have been working very hard to save up a good amount now at this time for the coming year I plan on buying a duoplex (FHA) and becoming a contractor for basement window egress, but I need help with expectations aswell as ideas givin my ability I'm fine to do Painting, drywall, Flooring basic beginner level reno (also would be nice to live in a teardrop camper trailer to rent both units) my parents are cosigning me and they have their home payed off from my understanding I should be about 1k mortgage paydown with about $500 cash flow how am I specking up hear any ideas to maximize my growth excreta excreta....... am I ready I think tenant management is where people usually focus on their first duplex if I'm right ? pretty much ready to go hear so lookin for that input, thanks kindly to whom concerns !!!!!!!!!!!!!!!!!!!!!