I was also thinking apartment complex, but do you have to get financed by a bank, and will they let you rent out the house? And how d you get financing for apartments?

I want to refinance the building so I can pay off debt that I acquired because I rehabed the apartments, and I would like to start my own business in one of the commercial units.

According to the nations largest commercial real estate firm, Marcus and Millichap, lenders are not liquidating distressed properties. Instead they are holding them and collecting the income until the market changes by paying management companies to run and improve the cash flow of the foreclosed businesses, shopping centers, apartments, etc.

All of a sudden banks are seriously in the commercial real estate business! They are not making new loans. Commercial loans and SBA loans are down somewhere like 95 percent this year!

Since banks made bad decisions to begin with why are they allowed to hold these assets instead of liquidate them like they should? A troubled bank should not be able to afford to hold these assets, let alone hire a management company. Are they able to afford it because of the bailout?

I am real estate salesperson for the commercial real estate industry and I’m upset because without loans, I have no business. Commercial sales in my office is down like 90 percent this year, and I work in an office with like 250 agents!

I had 14 apartments in the Wilkes Bare PA area. Two parcels under one blanket mortgage. Due to an administrative oversight/error/etc, only one parcel was foreclosed on in Oct 2007. The other was just foreclosed on in June. I tried REPEATEDLY, both via email and phone to give a deed in lieu of providing all my financial and personal info (as the loan was in my name) but was just brushed off by my assigned rep and the lender in general. As a result, both parcels were foreclosed on. Do I have any legal recourse both in terms of their original mix up which resulted in 2 foreclosures on my credit when it should only be 1, and with their complete negligence in helping to deal with the problems to avoid the foreclosures? I was told originally there were options, but when trying to pursue those options I got nothing but a cold shoulder and unreturned messages. ANY insight would be greatly appreciated. Thank you..
Also, my email is zane31_2000@yahoo.com

Any answers sent there would be appreciated as well.

I am looking at investing in a very small way, maybe just one of the HUD single family units for rental income. I see that HUD multi family units have some financing assistance available. Is it possible for a very small investor to qualify for competitive funding from Fannie Mae in order to purchase a multi family property such as apartments?

Me and my fiance have limited credit history we were however able to finance a car now we need an apartment and I was wondering if our bad credit would get us denied or if they are looking for history as far as apartments shouldn’t the car get us brownie points also I have a good city job too

http://www.samesexmarriage.ca/legal/ontario_case/appeal/pride_week_marriage.htm
clearly states:
“When (gay American) couples who marry in Canada come home — they will be as married as any people on the planet. That means, for example, the couples will identify as married on applications/forms for jobs, apartments, credit, mortgages, insurance, medical treatment, and taxes.”

That’s a quote from an article on June 13, 2003.
It clearly states that direct & loud. A gay marriage from Canada is recognized everywhere in the U.S.!
It clearly states that. That’s a quote. A direct quote.

yet I am hearing people tell me that this is not true.

but if it’s not true…….
How come Canada advertized commercials to invite gay Americans to get married in Canada?
http://www.youtube.com/watch?v=LvE5RWeCXr8

and how come so many Americans traveled to Canada to get married?
and don’t tell me "it was for ceremonial purposes" because if it was for ceremonial purposes it could be done from the U.S., no need to go to Canada.
Even Wikipedia’s take on it says:
"Canada and the U.S. have a history of respecting marriages contracted in either country."

I just checked my credit report and found that there are several charges and accounts that I never opened. I am beyond angry and I keep getting denied apartments (financing) because of it. What can I do?
The apartment complex that I want to move in to said I should flag my credit report. I have no idea how to do that or how it works and how long it takes. Someone pleeeeeeease help me!

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 want to buy land and build apartments on the Black Sea in Ukraine. Where should I look to find agreeable financing and competent legal representation.. The U.S. or in Ukraine or both places and who should I contact to assist me in this endeavor? Any suggestions?

I am a college student, and I was thinking that renting an apartment would be cheaper, than staying in a dorm.

I’ve reviewed my finances and I have enough for 3 months rent up front.

So is there anyway?
Oh my thanks for your useless answers

I know plenty of people have rented apartments instead of living in dorms. They had their parent’s to co-sign for them

Thank you a lot losers

I’ve been a commercial real estate agent for 5 years now and for the first 4 years it was going fine. However, as many of you know, commercial real estate loans are going bad, and along with it, many banks are not lending. My brokerage is a very specialized brokerage. It is a car wash brokerage. Many commercial real estate brokers specialize in hotels, office buildings, apartments, etc. My business partner and I specialize in car washes. Unfortunately for us, most banks will not lend money on a car wash. They are still much more lenient on apartments, hotels, offices, but car washes have been very very bad investments for banks coming out of the real estate boom. As a result, I do not see my brokerage doing ANY deals this year, or in the near future. In the meantime I’m running out of cash and fast.What should I do? Since I’m technically self employed I have plenty of time to search for a job, but the reality is that if I was truly serious about leaving this career now, I would simply quit and start a new career asap. I’m 29 years old and started doing this right out of college. I feel confident that I can take a pay cut and start a new career somewhere else. At this point it seems almost inevitable that I’m going to have quit soon. My question, therefore, is does it make a difference if I search for a job only part time, or should I quit now and put all my effort into finding a job now while I still can afford to pay rent, and still have some money in the bank? 10 pts for best answer.
Well I’d like to continue doing something in the real estate world, but I don’t have time to just limit it to real estate so I’m applying to all kinds of jobs. I’m in Los Angeles so jobs are far and few. If all else fails I’m thinking of joining the Navy as an Officer.

The loan is for some multi-family/mixed use apartments. Need a loan for ,000 for the down payment or some place where i can get a commercial loan with no money down. I was thinking a bridge loan but not real sure. I have a retail credit score of 645 and two other properties.

is there any possible way to finance a 40 unit apartment complex that cost 1.7 million without having the the entire 20% down that is recommended for commercial loan….i have a 780 credit score about 120k and make 100k a year.the apartments have been 95% occupied for last 3 years…..without having to pay over 10% interest

The building has a bar operating on the first floor but has two apartments, I would live in one.