All Forum Posts by: Pancham G.

This sounds good @Josh Eitingon!! Congrats and good luck with the rest of them.

@Joe Fairless congratulations!!!! this is an amazing feat and very inspiring. 

Thanks @Christopher Bunge!!! Will reach out to them

 Thanks David!!

Hi everyone,

I am looking for a commercial real estate attorney recommendation who has experience with apt complexes and can do business in Columbia, South Carolina. Any references would be appreciated!! You can PM me on BP or reply to the post here.

Thanks,
Pancham

Hi everyone,

I am looking for a commercial real estate attorney recommendation who has experience with apt complexes and can do business in Columbia, South Carolina. Any references would be appreciated!! You can PM me on BP or reply to the post here.

Thanks,
Pancham

Hi everyone,

I am looking for a commercial real estate attorney recommendation who has experience with apt complexes and can do business in Columbia, South Carolina. Any references would be appreciated!! You can email me at [email protected].

Thanks,
Pancham

@Assaf P. I did exactly that for my first mortgage. The only difference for me was that they asked for 25% down minimum. Other than that everything was same. 

Most banks will however consider 75% of the rent that you will receive from the property as income. So, the remaining 25% + the rent that you are paying for your residence will be considered against your DTI. This could be different from bank to bank. For me that was the case. Hope this helps.

Welcome @Laura Alvarez to BP! Its a great place to be... good luck with your first deal.

@Zoe Mercier do you have the details on numbers? Without numbers, its very difficult to say whether its a good deal or a bad deal. 

Not all owner financed deals are good.