Most people are familiar with residential mortgages from their experience in buying a home. New investors often assume that commercial mortgages are the same, and are surprised by the different terms and requirements. Here we will cover the main differences so that you know what to expect going into the process. Most people are familiar […]
The lender’s due diligence process is extensive, requiring a host of information not needed for a residential mortgage. This lesson will help you get a head start on the due diligence process. The lender’s due diligence process is extensive, requiring a host of information not needed for a residential mortgage. This lesson will help you […]
New investors think that “equity” means the down payment for a deal. But you’ll need to finance many other costs and prepaid items in a commercial deal. This lesson will prepare you so you don’t get caught short at closing. New investors think that “equity” means the down payment for a deal. But you’ll need […]
When doing a multifamily real estate deal, you may lack the necessary funds to purchase the deal yourself. To supply the shortfall, you may want to raise money from other people, but there are some serious issues to beware of here. We will briefly cover some of those issues in this lesson. When doing a […]