Why Aren't There More USDA Loans?
I can think of a couple of drawbacks to the program that might limit its use somewhat but that still doesn't explain the lack of usage. Maybe lenders are selling the FHA program instead. According to USDA “the fundamental objective of the Single Family …
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Government Housing Marches On
FHA essentially has dictated land planning for much of suburban America. Marc Weis writes in his book The Rise of the Community Builders: The American Real Estate Industry and Urban Land Planning, approved for sale “Through the powerful inducement of mortgage …
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Question by M5: How to get more than 10 mortgages on investment properties?
We own 10 investments properties and have 10 mortgages (with Bank of America) on each one. The bank is saying that they can do only 10 mortgages per person. How or where can we go over that limit, discount with reasonable rates and closing cost.
Thanks for looking.
Best answer:
Answer by lepr0kan
That’s about the max I’ve found as well. Most lenders seem to be limiting investors to having 10 mortgages. Perhaps, if you began owning these properties under and LLC or S-Corp it would be possible to find lenders willing to grant more mortgages to a company rather than an individual.
What do you think? Answer below!
Question by college_athletic_sport: can I use owner finance money as down payment for a commercial loan?
The owner is asking for 3.8 million for the apartment complex. He is willing to owner finance up to 1 million. It is a 131 unit complex.
Best answer:
Answer by N
No. At best, what is ed he is willing to be a 2nd lien holder.
Which wont apply if you cant finance it on your own.
Give your answer to this question below!
No for several reasons. First you wouldn’t have any financial risk in the investment and second the owner loan would likely be a 2nd mortgage on the property.
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