I purchased the property at a 13.5% cap rate, 63% LTV with an investor loan last week. It’s non owner occupied, I’m self employed my fiance has a regular job. The property will cash flow 0 with a 30 year loan at 7%, 0 for a 20 year loan. I’d like to finance it without having to use any of our incomes from our jobs to pay back the loan, just the income from the property. Any suggestions on who to start talking to, and what action to take. Should I get a commercial loan? Or a residential loan with a commercial appraisal? I’m looking for 75% LTV after the refi.

Dun & Bradstreet was paid in March to create a PayDex score and credit file on my 8 year old business. Now that they have the money, they say that the creditors I listed are NOT D&B members, so D&B can not use them as a reference. D&B will not return any money paid to perform the service they were paid to do. As a small business, real estate rehabber/investor/wholesaler, I need to be able to borrow in the corporate name without any attachment to my personal credit. Other companies I contacted for business credit building want money also.How can I be sure that a credit report will be built for my company, without personal attachment, IF I pay another fee to another company? I really just need a few hundred thousand dollars to start…maybe Trump would want to help me out…I’m a big fan of his! I can’t even imagine…anyway, how can I get guaranteed results in building a business credit report and obtaining a line of credit in the business name?

I have a business where I buy real estate, rehab and flip and/or rent. My partner and I are doing great but we are looking for private investors to bypass banks. The main question I have is this: What type of return do you pay to the investor? Is it a percentage of the total loaned, monthly payments from rent…? We simply dont know. So, If I bowrrow k from an investor, do I pay him back (as an example only) k? Do I give him monthly payments? Is their a time frame?

Thank you VERY much in advance. I live in Illinois and we are trying to figure out the most amicable way to repay the investor.

Thanks!!
All,

Excellent responces and I thank you. I have another question: How do you find private investors?

Looking for an investor/financer of an established apartment complex. I would like to borrow their money to purchase and pay a reasonable interest rate 6.1-6.4%. Prosper only allows up to 25k. I need 2.9 Mil. an interested investors. Email me.