All Forum Posts by: Nicole Varasteh

Thanks @J Tessier and @Matt Lefebvre for your recommendations, I'll call the banks you all mentioned on Tuesday morning. This would be the commercial loan dept. correct? we really want it under LLC. I read that some use a land trust and then some how connect the LLC to the trust. But that seems complicated and we don't want to lose this deal.

The commercial loan dept at our local bank wants to do a possible lead inspection before giving us the loan. The seller will not allow it for obvious reasons, then he would have to disclose this. Maybe we have to go to a diff bank. Do you use a good bank in NH who does commercial loans?

Ok finally for our first purchase of a duplex in New England, that's from the 1900 but great potential the bank wants an environmental questionnaire. Well it's probably gonna have lead! We're planning on new windows. We went the commercial loan route to get it under an LLC. Will they ask for remediation? I'm worried the loan won't go through, any one been through this? Should we go conventional loan and then transfer to LLC? Thanks so much

never heard of 1099C gotta put that on my list of things to look up. Fascinating and scary to a new investor like me. Maybe call them and tell them you'll pay them 1/2 the price if they bring it back and install? 

Thanks @stephenpolizzi do you think I can get a loan for investment with only 10% down instead of the usual 20-25%? Have you heard that or maybe a 15% down with a 15 year loan? 

The latest quote was 5.5% 30 yr Fx $1500 point and $1600 orig fee. 

Rent to value is 1% on a multifamily in NH but cash-on-cash 5% how to get to 12%?