11 April 2020 | 12 replies
We are considering a refi into a commerical and pulling out the equity (BRRRR) so we can get the property appraised on profit and not comps because in this area these properties rarely come on the market which led to a very low appraisal for our buying process but still considering and investigating this plan as I am not very knowledgable in the commercial loan process.
8 March 2020 | 33 replies
Call about to all the Commerical lenders, a few will say yes to totally out of state (most say no), but you only need one to say yes.
10 November 2021 | 686 replies
However though, it may have a temporary impact on the travel industry or on commerical businesses, such as shopping centers or retail outlets, as people prefer to stay home, to avoid making contact with the virus itself.
25 April 2021 | 6 replies
Hello, my business partner and myself are looking for some advice from experienced investors. To give a brief background about us, we each currently own 3 and 1 rental property in our own names. We each now have a hol...
8 June 2021 | 25 replies
Asking $350k for a 5 plex, Gross rent is $3200 with tenants being long term doctors, property taxes are high but when I crunched the numbers roughly I got$38,400 Gross Rents-$4800 year property tax-$4600 yr electricity-10% management-5% vacancy= $23,400 or $1950 per month , 6.6% CAPI'll try to get the CMHC 15% Commerical 40yr mortgage if not then at regular 20% down , 30yr 3.5% rate my payments are $1254 per month This will net me approx $700 month cash flow while only needing $70,000 down.
18 January 2016 | 8 replies
I'm Frank Gorham, new 26 year old member who is currently working for a large Commerical General Contractor in Chicago.
11 April 2018 | 145 replies
Hire a commerical buyer agent to walk you through your next transaction or two.
14 April 2017 | 4 replies
Hi – This is a stretch but I’m throwing this out there in hopes that someone can provide some advice or suggest methods I maybe over looking not thinking of.Up front I know very little about commercial financing other...
9 November 2018 | 9 replies
@Greg DowneyI was talking with a commerical portfolio lender today and was basically rejected because of my income not being quite high enough.
13 May 2017 | 5 replies
Why would you even think about permitting someone to run a business out of your rental property Your not commerical propertyDon't even call your insurance company don't raise a flag asking that type of question !!