So let’s look at how we got here:

ILLUSIONS

Big part of what makes the American Dream is hope. However unrealistic, uneducated, and misinformed choices replace hope with illusions.

Buyers had the illusion that homes would always keep increasing rapidly in value. However, they failed to understand that the real estate market has cycles. Some of the factors that create a change in the market are increased amounts of supply or demand, deregulation of the financial industry, easy and available credit, low interest rates and much more.

People who bought homes they could not afford did it because they saw an opportunity to “invest” their life savings and achieve the American dream. They viewed this opportunity as attainable because banks made it possible, unscrupulous agents/brokers made them believe it was possible, and because they lacked the knowledge necessary to understand the responsibilities, risks and benefits of owning a home.

Other illusions buyers had was their wages. The had the illusion that their wages would go up enough year after year to cover their ever increasing debt due to a lavish life style. This illusion, the lack of financial education and self-control allowed for people to live well beyond their means.

Today people, banks, and our government are drowning in debt.

CREDIT

Competition in the market forces business to improve on their products and allows the consumer to purchase those products at affordable prices. However, competition between banks in a booming economy and low interest rates created a credit bonanza.

Instead of banks improving on their products and services, they began utilizing creative financial tools to attract more borrowers. They also lend money to risky borrowers with little regard of their qualifications. Anybody that had a pulse could literally get a loan.

Banks can’t accommodate the demand for credit only with their money reserves. So if they want to lend more money, they sell these mortgages to commercial banks and Wall Street lenders.

Financial Crisis: Who’s Fault Is It, Anyway?

Doesn’t matter.

Because just about everyone is to blame.

Republicans opened the door through debt-based credit derivatives and deregulation. Democrats further contributed by turning a blind eye to Fannie and Freddie and insisting that even those who couldn’t really afford mortgages be allowed to get them. The Bush Administration touted consumer spending as a means to boost the economy, and encouraged reckless consumer behaviors with billions in "stimulus"money, all while fueling the national debt through a disastrous war and tax cuts for people who don’t really need them.

And, of course, greedy banks and mortgage lenders went along, doing their best to bilk whoever came through door for whatever they could get — before passing the risk on to equally greedy investment banks and hedge fund managers. Consumers came along for the ride, abandoning reasonable financial practices and using credit to fuel materialism — as well as making poor decisions by buying homes they couldn’t afford with "creative" mortgage financing.

Nearly everyone shares some of the blame. This is not the time to bicker over who is most at fault. It doesn’t matter. The past is past. It’s time to move forward and fix the problem. REALLY fix the problem. With practical solutions (that’s right, follow the link for just one alternative — and better IMO — solution) that don’t involve throwing a large, arbitrary amount of money at the problem.

This is something that requires measured thought. And a change in how our society now views debt, money and the economy. There’s no reason to rush into a bailout plan right now. Instead, a little more analysis is needed.

I’ve been looking into investing in multi-family/commercial real estate near Cincinnati. I was talking to an old friend of mine about the possibility of no-money-down purchases. He said one deal he has been successful with in the past is where the purchase contract stipulates that you pay a 10% balloon payment due in 2 years, and that serves as the down payment. Have you seen anything similar to this? It seems pretty hard to manage unless you have a young desperate seller. However I would like to know if such easy transactions exist for investors with little to no capital.

My grandmother has 8 acres of raw land (1.5 acres on frontage on one of the main streets in our city) that is paid for 100%. Her house is now on the land, but the zoning is going from residential to commercial, with strip malls, gas stations, apartment complexes and more. There are three lone holdout houses right next to one another. We have tried to sell the property a few times but the price is always too low because either the neighbor won’t sell, or someother mishap.
Since we carry no loan on the property, how can we develop it commercially and be able to get financing from a bank for doing so? Instead of selling it, we want to develop it into some sort of storefront, strip mall, or something. How can we secure the funding for this? I just heard in the same neighborhood that Starbucks pays ,000 (and a profit %) per year for 20 years to the site owner – how can we score that?

McCain, Obama scramble to shift economic message
GRAND RAPIDS, Mich. – With economic anxiety rising, Republican John McCain and Democrat Barack Obama scrambled Wednesday to adjust their messages to connect more directly with financially struggling voters.
Obama talks directly into the camera in a new, two-minute television ad on how he’ll fix an economy in which "paychecks are flat and home values are falling." McCain and running mate Sarah Palin softened opposition to government bailouts, accepting the U.S. takeover of the nation’s largest insurer as unfortunate but necessary to protect ordinary Americans.
"The shot that has been called by the Feds — it’s understandable but very, very disappointing that taxpayers are called upon for another one," Palin told reporters during a visit to delicatessen in Cleveland.
Both McCain and Obama advocated cracking down on freewheeling Wall Street practices and for tough new regulations on financial institutions.
Obama ridiculed McCain’s calls for more regulation as an eleventh-hour conversion for one who has long championed deregulation.
Too many in Washington and on Wall Street "weren’t minding the store. They sat on their hands until it was too late," Obama told a rally in Elko, Nev. He challenged McCain’s vow to take on the "old boy’s network…He hasn’t taken them on for the last 26 years."
The increased emphasis on the faltering economy came on a day when stocks resumed their downward plunge following Tuesday night’s government takeover of American International Group Inc. with an billion two-year loan from the Federal Reserve in return for a majority stake in the company.
"The focus of any such action should be to protect the millions of Americans who hold insurance policies, retirement plans and other accounts with AIG," McCain said in a statement. "We must not bail out the management and speculators who created this mess."
The turnabout came a day after McCain strongly opposed additional government relief and praised the government’s decision not to rescue Lehman Brothers after it had intervened to help investment bank Bear Stearns and mortgage giants Fannie Mae and Freddie Mac.
His Democratic rival addressed the AIG takeover in Elko, saying the government acted "to prevent an even larger crisis." Arguing that the U.S. housing market was "in a shambles," Obama said it was important now for the Federal Reserve to ensure that families with AIG insurance are protected. "It must not bail out the shareholders or the management of AIG that were making big profits when times were good."
Obama, in his own change of tactics, speaks directly to voters in a new commercial to air Wednesday on national cable and in some battleground states.
"In the past few weeks, Wall Street’s been rocked as banks closed and markets tumbled. But for many of you — the people I’ve met in town halls, backyards and diners across America — our troubled economy isn’t news," Obama says in the ad, taped Tuesday in a living room-like setting.
"Paychecks are flat and home values are falling. It’s hard to pay for gas and groceries and if you put it on a credit card, they’ve probably raised your rates," he adds.
Obama also laments rising health insurance costs. He details major elements of his economic plan, including its proposal for a ,000 tax cut for working couples, steps to reduce reliance on imported oil, bringing a "responsible end" to the war in Iraq and ending an "anything goes culture on Wall Street."
"Doing these things won’t be easy. But we’re Americans," Obama says.
Obama also discussed the AIG takeover
McCain campaigned in Michigan, one of the states hardest hit by eight straight months of rising unemployment.
At the General Motors Orion assembly plant, he told workers: "We are going to fight the special interests and corruption in Washington. We are going to fight the greed and irresponsibility on Wall Street."
While both presidential candidates have called for tougher regulation of financial institutions and cracking down on Wall Street abuses, neither has come up with a detailed plan, nor gone so far as to endorse a proposal for the kind of massive federal intervention that took place in the savings and loan crisis of the late 1980s and the early 1990s.
Then, the Resolution Trust Corp. was established by Congress to acquire the real estate, mortgages and other assets of thousands of failed S&Ls.
Some lawmakers suggest such a strategy may be needed to stabilize financial markets, rather than the ad hoc interventions the government has been doing.
A day after extending a helping hand to AIG, the White House on Monday called the U.S. economy a mixed picture that would ultimately weather the current turmoil. Press secretary Dana Perino said help for other endangered companies would be considered on a "case-by-case basis."
Both candidates have been adjusting to keep pace with a fast-changing situation in which financial markets have been buffeted by one j

I want to boy “stratus” franchise plan it’s commercial cleaning business I need 20-30$ for start I would barrow or would get some kind of personal loan but my credit score is 670 and I have no property no one want to give me money I would pay 15-18 % but……… maybe you know some banks or organizations, sagest me how to get out from this situation thanks so much SOS

I just got the Yahoo! Real estate e-mail.
right at the top it states:
"Please do not reply to this message. If you have questions or wish to unsubscribe from this COMMERCIAL email, see the instructions at the bottom of this message."

I wonder how much they are getting payed by Lending Tree and quick loans.

I am intersted in purchasing some apartments. The Price is 355000 for eight units. I have a credit rating of 654. The property is multi zoned commercial and residential. The property is appraised at 455000 (according to seller). For a 15 year loan the payments would be around 00. The rent at full ocuupancy is 6200. I only have around 10000 for a down payment. Is it possible to get a loan? maybe a SBA secured loan.

I am interested in getting into commercial real estate, not sure what area….leasing, property management, lending, loan officer, I know it sounds cliche, but I basically just want to go where some big money can be made. I have a background in residential real estate as a loan officer and Account Executive for a subprime lender. From what I hear, people on the commercial side make some great money, it just seems that everyone wants someone with commercial experience. I am willing to pay my dues, training, mentoring, etc, but I just need to find somewhere to get my foot in the door. Any help?!

I own a 40’ X 60’ X 15’ concrete building for personal use, to storage my RV. I would like to know what personal loan programs, including terms and rates, are available if I use this property as collateral? Would the terms and rates be similar if (I were to use my personal residence as collateral? (Equity loan).
I want this loan to be an equity loan, not a commercial loan.
PLEASE I NEED ANSWERS FROM LOAN OFFICERS ONLY.
THANK YOU VERY MUCH
I already talk to some officers, but I want more opinions from other banks

My Partners and I are providing capital investments needed for operating capital, décor and design, however, our corporation needs 0,000 financing to procure the building and existing equipment for the restaurant location selected. The financing is required to begin work on kitchen design, architectural plans, manuals and recipe books, additional equipment purchases, and to cover expenses in the first year of business. We are getting this building for a steal. Does anyone have recommendations on which company (no banks) I can work with? I live in Florida but willing to work with companies anywhere in the USA.

Already conducted due diligence. Business plan including performa available.

Does anyone know of any lender that would do a 100% financing on a commercial property with guaranteed rent? It’s rented triple net NNN to a national credit merchant.

Does anyone know of any place or ordinance that provides some form of rent control for leases on non residential property? for the small independent business owner? The mom and pop corner store?

I am so tired of seeing yet another cell phone, cable, loan stop, check cashing, and real estate brokerage move in to the spaces where those unique wonderful little shops, owned and operated by the locals, once flourished. Commercial landlords can be just as greedy as the slumlord owner. It just seems wrong to force out a meaningful local member of the community and replace with yet another piece of big business blight!

I’ve witnessed the rent-induced demise of too many great local businesses: such as my local guitar and music store, my vacuum repair shop, my jewelery repair, and one of my favorite little independent grocery stores. All of these proprietors were forced out by greedy and unscrupulous landlords who imposed impossible increases in rental rates. (some increases were 25-45%).

I would love to hear from any one out there who knows of a city or locality with protections in place for their small business owners with regards to rental increases.

I have pretty bad credit (480s probably) … its all silly stuff/education that added up – about ,000 worth.

I own free and clear a residental/commercial property with a large house on in – been fixing up the house. I have a rebuild letter from the city, so it can be financed as a regular residental home mortage or whatever. (Being its residential/commercial propery, if it burnt down – the town would only let commercial buildings be rebuilt – but with a rebuild letter – it can stay a residental or whatever I want)

It was valued by the realitor at about 5,000 (and I owe nothing on it) – I would like to get a loan for ,000 to pay off all my debts and put the rest into the home…

How can I accomplish this? What companys would do this? What type of financing should I do (mortage, equity??) ..

I am self employed – 2 yrs on the job

I believe state of our economy is due to the fact that people in power in business and government were able to manipulate deregulation and leverage the stock market to their advantage.

Once upon a time, all mortgages were 20% down, at a fixed interest rate. The people that bought houses could afford houses. People saved money for their down payments. They rarely walked-away from their 20% savings investment in their home.

Then, deregulation came along. "Greed Is Good" was the mantra of the day. In order to stimulate the economic marketplace in the late 70′s due to a recession, congress passed legislation to deregulate the commercial banking / Savings and Loan industries. Thus, the collapse a few years later in the early1980′s of numerous S & L’s, due to bad decision making on the part of greedy CEO’s who had pushed the deregulation and choose to make bad investments to earn outrageous interest rates. These high-rate, high-risk loans to under-capitalized, high-risk people were made with the banks and S & L’s depositors funds – people lost their retirement money, pension plans were wiped-out. But, prior to the Black Monday crash of October 1981 the corporate CEO’s rewarded themselves outrageous compensation packages and golden parachutes… do you recall The Keating Scandal?

Regulation’s were tightened back up… but then in early 2001, the economy went south again… partly due to 9-11. So, to stimulate the marketplace, more deregulation… this time of the mortgage and energy industries.

Energy deregulation came very quickly, with V.P. "Tricky Dick" Cheney having the first-ever closed-door, zero-oversight private meetings at the White House of Energy Company Executives to create policy to regulate… the Energy Industry? (think fox guarding hen house…). Too soon after came the spectacular energy industry failures… (remember Enron? Kenneth Lay was a personal FOB, "Friend of Bush" ) and the massive compensation packages awarded to the CEO’s by themselves. Then, as in the early 1980′s, regulation had to be re-instituted.

The mortgage industry took off… everyone was happy… lots of money was made by most everyone… lenders, home owners, home builders, investors, wall street… but, no one in government had the foresight to look toward the inevitable over-correction, the "bursting-of-the-bubble" in the market… we were distracted by the wars in Iraq and Afghanistan… if you’re not with us, then you’re against us!

A primer: Mortgage loans are "bundled" in sets (blocks) of billions of dollars of investments… which had always been traditionally considered as "safe" (remember the down payments that used to be made…?). Lenders then sell these blocks of bundled mortgage loans to large investors, primarily Fannie May and Freddie Mac, quasi "US government-backed agencies" (think the US Post Office, another quasi government agency, overseen by uncle Fed, but run as it’s own "company"). This selling-off of the bundled loan packages freed-up the mortgage lenders to create new loans, because they had been "re-paid" when sold to Fannie May & Freddie Mac. When the loans being made were sound, the marketplace worked well…

When deregulation or the mortgage industry in early 2002 happened, just about anyone that could fog a mirror and breathe at the same time could suddenly get a mortgage. Previous rules and reg’s on lending went out the window. The more loans they made, the more fee’s they could collect. Lenders made lots of money, meaning their companies made lots of profit. Wall Street invested heavily in these mortgage securities, which now were weighted-down with the shady, undocumented "B" and "C" grade-paper sub-prime loans. More loans, more fees… more loans, more money to loan out, which were based on these mortgage bundles now loaded with poor-performing loans. This fed the gluttony in America for more and more credit: credit cards, equity loans – borrow, borrow borrow!! The wall street CEO’s rewarded themselves handsomely… their companies were making outrageous profits… before they eventually collapsed.

I BLAME UNCLE FED FOR THIS MESS – AND I PARTICULARLY BLAME THE REPUBLICANS, who have such a need to deregulate industries to the extent that corporate greed takes-over and fiscal common-sense falls by the wayside.

Just because they could deregulate doesn’t mean they should have deregulated… when guidelines / rules / regulations go away, greed ALWAYS takes over… EVERY, SINGLE TIME!!!!!!!!!!!!!!!

I’ve worked in Real Estate, Mortgage Banking and as an Escrow Closer for the past 20+ years… saw this disaster coming for the last 5 years…

YOUR THOUGHTS??
P.S. – I didn’t make the loans, I was an administrative staff-support person…

I was personally sickened by the loans being made to the people I knew couldn’t repay them… but I couldn’t do a damn thing about it, except by getting-out of the industry (that was 4 years ago…).

Let’s say I want to buy a commercial property for 200K and don’t want to put do 30% and get into an 8 – 10% interest rate commercial mortgage. I own a very profitable company which grosses 1M per year, Bank are always offering this company large loans or equity lines on the business. What is my company borrow me some money, at a fair interest rate of say 5% simple interest and I use it to buy this property ?

What are the advantages and disadvantages? From what I can see. I will have lots of money on the loan (interest) and not have to make a large down-payment and I’ll own the properly free and clear.

Thanks guys.

Can anyone explain to me logically, economically, how real estate values (non-land, non-commercial) can increase, going forward, without median labor wages increasing? I’ve done the math based on loan/value and avg affordable home cost. With the elimination of creative financing, I do not think it is possible.
and, again, real estate values as a WHOLE
My apologies…can values rise more than 15-20% without an increase in median wages.

After 8 long years in this relationship it finally ended after so many infidelity problems, unfortunatly the loan still stands. I got it for him to help him with his buisness and to help the family because my credit score was slightly better than his.

I moved a state away and have dealt with the worst custody battle ever the last year and with all the stuff I had to deal with I put this 100K loan on the backburner. Custody has been a priority all year. Now that most things have been resolved I have this loan that I don’t know what to do about. Its a revolving Suntrust equity loan and it was for 10 years and 2 years have passed since I had it done. I really want this taken care of it erks me so bad to see 150K in cars in his driveway and several buisnesses and commercial property and the house itself is in his name and I walked away with nothing but a loan in my name.

Please help

History repeats in housing disaster

We all await word from Washington, D.C., concerning our new president’s plan to fix the economy.

We’re told to expect bags of money to be distributed by the federal government soon. We’re expected to believe the generosity of Washington will save us from our current circumstances. Really? Let’s take a look at what brought us to the current situation.

Research begun immediately after the stock market crash of 1929 found that a major factor in the market crash of 1929 was a sudden downturn of real estate prices (a housing bubble burst). Does this remind us of recent events?

In 1932 Senator Glass and Representative Steagall co-sponsored a bill to preclude a recurrence of what happened in 1929. This bill, intended to keep commercial banks from selling loans to investment banks, was known as the Glass-Steagall Act. President Roosevelt signed the bill into law in 1933. The deepest significance of the new law was to require mortgage lenders to pay close attention to the viability of every loan they were considering. Since new loans could no longer be sold to investment banks each lender was strongly motivated to be sure a borrower was capable of repaying the loan.

In 1938 the Federal Government created FNMA (known as “Fannie Mae”), a Federal agency whose purpose was to make more money available to lower-income citizens for purchasing of homes.

In 1968 the Feds acted again. The structure of Fannie Mae was changed to public corporation. Known as a Government Sponsored Enterprise (GSE) this revised structure enabled citizens to invest in mortgage lending markets by buying stock in Fannie Mae. Later that same year Uncle Sam created “Freddie Mac” as a GSE. The Feds were working to make even more money available to lower-income folks for the purchase of homes.

In 1977 the Community Reinvestment Act (CRA) was enacted to “encourage” lenders more aggressively to make money available to home buyers, primarily in the inner-city neighborhoods. There has been a long-established concern in Washington about home ownership and lower-income people. This is not necessarily a bad thing.

Early in the Clinton administration Attorney General Janet Reno announced that the Justice Department would start investigating lenders who were not meeting the “aims” of the CRA.

To avoid being charged with misconduct alleged by the attorney general, many mortgage lenders began granting loans to applicants who otherwise might not qualify for a standard loan. The so-called “sub-prime market” was born. Paying higher loan fees and higher interest rates on these loans, low-income borrowers were helped to access home ownership.

1999: In its infinite wisdom, Congress repealed Glass-Steagall. Now mortgage lenders could once again sell their loans to investment banks (Wall Street). With many questionable loans now on their books there was great motivation to do so. Upon purchasing loans from lenders, investment banks would package them as investments (known as Collateralized Mortgage Obligations or CMOs) and then promote them to mutual fund companies. This is how this all got into your 401k !

Early in the current decade there were numerous reports to Congress about the questionable dealings at Fannie Mae and Freddie Mac. Regulators’ voices were heard in Congress urging immediate investigation. Each time the voices were silenced with strong retort from the likes of Senator Christopher Dodd and Congressman Barnie Frank. No investigation was ever conducted.

Where are we now? We are expected to believe that the Federal Government can “save our economy.” Do you believe that? You can’t be serious. The Federal Government created this mess.

Last week Mr. Obama stated he had only recently become aware of how bad our economy is. Are you kidding me? We are supposed to look to this guy for real leadership and real change? This is absurd !

Write your Congressman. Demand that a new Glass-Steagall Act be put in force immediately.
Peyton – You own something alright but it isn’t anyone else.

I have been looking at a property for a while and absolutely love it. As it turns out, we looked at the zoning and it is a non-conforming residential. It is beside an industrial park, so they zoned it so that when the house is destroyed or abandoned over a year, it must become commercial. Since the bank did not want to deal with this zoning "problem", they just told us that we need to find a house they will give a mortgage on. It has been forclosed on for almost 9 months, so rezoning it would take too long. I was just wondering if there was anyone with advice. Thanks.

1 Funds cannot be removed from this savings account until the end of a certain period of time
2 A type of loan used to buy real estate
3 The amount borrowed in a loan
4 The largest source of income for banks
5 Provide the most services and play the largest role in the economy of all types of lending institutions
6 Requires customers to use a PIN
7 Institutions that give installment loans to consumers
8 A feature of modern banking that allows you to transfer, deposit and withdraw money 24 hours a day
9 Type of bank which originally introduced NOW accounts
10 A banking system that only keeps a portion of the funds on hand and loans out the remainder

A. Fractional Reserve Banking
B. Principal
C. Automated Teller Machine
D. Debit Card
E. Commercial Banks
F. Savings Banks
G. Federal Reserve System
H. Credit Cards
I. Default
J. Stored Value Cards
K. Mortgage
L. Money Market Mutual Funds
M. Finance Companies
N. Interest
O. Certificate of Deposit
I think 3 is B and 6 is D

After 8 long years in this relationship it finally ended after so many infidelity problems, unfortunatly the loan still stands. I got it for him to help him with his buisness and to help the family because my credit score was slightly better than his.

I moved a state away and have dealt with the worst custody battle ever the last year and with all the stuff I had to deal with I put this 100K loan on the backburner. Custody has been a priority all year. Now that most things have been resolved I have this loan that I don’t know what to do about. Its a revolving Suntrust equity loan and it was for 10 years and 2 years have passed since I had it done. I really want this taken care of it erks me so bad to see 150K in cars in his driveway and several buisnesses and commercial property and the house itself is in his name and I walked away with nothing but a loan in my name.

Please help
unfortunatley we were never married… got 2 marriage licenses but right before each time I caught him cheating again so I had to call it quits.

1 Funds cannot be removed from this savings account until the end of a certain period of time
2 A type of loan used to buy real estate
3 The amount borrowed in a loan
4 The largest source of income for banks
5 Provide the most services and play the largest role in the economy of all types of lending institutions
6 Requires customers to use a PIN
7 Institutions that give installment loans to consumers
8 A feature of modern banking that allows you to transfer, deposit and withdraw money 24 hours a day
9 Type of bank which originally introduced NOW accounts
10 A banking system that only keeps a portion of the funds on hand and loans out the remainder

A. Fractional Reserve Banking
B. Principal
C. Automated Teller Machine
D. Debit Card
E. Commercial Banks
F. Savings Banks
G. Federal Reserve System
H. Credit Cards
I. Default
J. Stored Value Cards
K. Mortgage
L. Money Market Mutual Funds
M. Finance Companies

We are interested in a 3 unit property on the same plot of land. A friend of mine just bought a 9 unit where 7 units were in one building and 2 were in another. He was able to get one commercial loan for the 7 units and a residential loan for the other. So if there is a property we are looking at that has 3 separate buildings, could we get three separate loans? There is one house and two cottages.

I’m planning on buying a commercial property and living in an apartment in the top floor. I’d hate to miss out on a free loan, though.

My sister put money down on a home that was listed as residential property, it was infact a duplex that she planned on moving into both halves and eventually making it into one home. She got approved for the loan, sent the check to the insurance company, and put the money down, and when she got it appraised, the guy told her that it was commercial property and couldn’t get the house unless she put 20% down. She cannot do that, and the insurance company and real estate places have already cashed their checks. She is very interested in owning this home, what can she do? (it was listed as residential property i believe, this is her first time buying a home, and she needs a big place.)
The house is listed as residential-multifamily, and the appraiser came in and said it was commercial. It is located in eau claire, so is there anything that she can do?

Well my 32 year old brother-in-law just got diagnosed with stage 4 colon cancer ; / and I’m just completely depressed… My sister just married him about four years ago and they have a one year old daughter and a 2 year old son. They just took out a 600k loan to buy a commercial property so financially they are in a difficult situation as well. It just breaks my heart knowing that there’s such a high chance they will never see their father when they are older and that my bro-in-law mightn’t see his children grow up…… Also, if anyone has tried effective alternative treatments besides just the conventional methods please inform me if you can and your recovery stories would be nice as well. Thanks guys.

I am a licensed commercial real estate agent in phoenix, az, and am interested in providing insurance and mortgage services to my clients,essentially I want to be able to shop 5 lenders/insurance companies to provide my clients the best deals.

How do I identify 5 banks/insurance companies that do commercial transactions?

How much money can I make by providing these additional services assuming that all transactions are more than 300K ( for loans + insurance)

Thanks

My wife and I are working as property managers at a 68 unit apartment complex. We’re looking at starting our own company managing residential and commercial rentals. Is now a good time in our economy? It seems like a perfect time when home loans are hard to get… Why or Why not?
We have a couple years experience in leasing and screening and maintenance. I’ll be getting my Property management license this next year and starting an LLC.

http://www.washingtontimes.com/news/2008/oct/18/whistleblower-hits-obama-friends-appraisal/

"In a complaint filed Thursday in the Circuit Court of Cook County, Kenneth J. Connor said that his reappraisal of Rita Rezko’s property was replaced with a higher one and that he was fired when he questioned the document.

Mr. Connor, a real estate and commercial credit analyst at the Mutual Bank Corp. in Chicago, also noted in the complaint that the bank received a grand jury subpoena in October 2006 requiring it to produce information concerning Mrs. Rezko’s purchase, including the bank’s files on the property.

The complaint also said that the grand jury wanted information on Mrs. Rezko’s checking account and loan file and that the Federal Deposit Insurance Corp. (FDIC) had audited the Rezko file – although Mr. Connor’s lower reappraisal had been replaced with a higher amount. "

I would like to take out a loan in order to purchase some commercial property on the Island of Oahu in Hawaii. I would like to use the property as vacation property. A house that a family, or individual can rent during their vacation. I’m not sure what the exact term for such a place is. The most I have at the moment to put down on the loan is 100,000 USD. Is that a reasonable amount to put down on a 1,000,000 USD loan? Also, I would appreciate an educated guess as to how much each payment will be per month with with interest. Also, a rough estimate of the interest rate. I have no established credit, and I am only nineteen years old. I sort of expect a high interest rate, but I needs to be affordable. If you can, please recommend me to a site, organization, or company which could help me achieve the above stated goals. Also, I would greatly appreciate any and all immediate advice provided. Thank you in advance for your help.