Buying LLC And Assume The Mortgage On The Prfoperty
I have been told that sometimes the Commercial Seller is Selling the Property which has an assumable mortgae on it at 5% and also selling the LLC Business along with that. Is there any information on how that would work?
***This is not the place to advertise property. You can advertise property for free from "My TCI", link top left.***[ Edited by ypochris on Date 03/22/2008 ]
you should be able to get 85-90% (1 TD) financing.
The recourse/non-recourse is so lender specific.
Looks like you found a source- sounds lovely!
I would suggest googling nearby street names and apartments. No news is good news!
Chris
Wow, sorry to hear that. The police department is the only way I know how to find stats.
there are FBI stats that are published, but they are not the most timely, and I beleive only go down to zipcode.
I have seen this on the title profile reports that have been produced for me.
Some cities have awesome crime information online. The city of Raleigh integrates iMaps with police reports in an overlay. If you were to, say, start investing in a new city (e.g. Raleigh,) contact the police in that city and see if they have such a system in place. Hopefully this non-commercial link will be acceptable:
http://imaps.co.wake.nc.us/imaps/main.htm?mservice=ralcrime&msize=425
Google or Yahoo search "charmeck" and you will be able to find out anything along those lines you want to regarding Charlotte.
I actually own some property near that area. Good single family housing stock in that area but there are some very troubled apt complexes unfortunately.
Those are great suggestions thanks.
The cloans site I noticed is unsecured fwiw.
Try Commerical Direct in Miami, but below 7% is a fantasy. They may loan out 80 LTV, but be prepared for 8.5%+ which is realistic. Their fees are very reasonable.
I just had a client refy on a 40,000 medical building, got a rate of 5.3%, balloon due in 5, based on a 25 year AM