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RIP Joe McKnight
MikeGangGree... Icon : (27 November 2016 - 07:05 PM) 2nd and 3
MikeGangGree... Icon : (27 November 2016 - 07:06 PM) f***
MikeGangGree... Icon : (27 November 2016 - 07:06 PM) grounding
MikeGangGree... Icon : (27 November 2016 - 07:07 PM) 3rd and 11
MikeGangGree... Icon : (27 November 2016 - 07:07 PM) Nice job guys
MikeGangGree... Icon : (27 November 2016 - 07:07 PM) Really
MikeGangGree... Icon : (27 November 2016 - 07:10 PM) LETS GO D!!!
MikeGangGree... Icon : (27 November 2016 - 07:11 PM) 2nd and 10
MikeGangGree... Icon : (27 November 2016 - 07:11 PM) Yep
MikeGangGree... Icon : (27 November 2016 - 07:11 PM) here we go
MikeGangGree... Icon : (27 November 2016 - 07:12 PM) COME ON D
MikeGangGree... Icon : (27 November 2016 - 07:12 PM) PLEASE
MikeGangGree... Icon : (27 November 2016 - 07:12 PM) We arent going to keep them out of FG range'
MikeGangGree... Icon : (27 November 2016 - 07:12 PM) we have to keep them out of the end zone
MikeGangGree... Icon : (27 November 2016 - 07:13 PM) 2nd and 10
MikeGangGree... Icon : (27 November 2016 - 07:13 PM) 3rd and 10
MikeGangGree... Icon : (27 November 2016 - 07:13 PM) LETS GO D!!!
MikeGangGree... Icon : (27 November 2016 - 07:14 PM) 3RD AND 4
MikeGangGree... Icon : (27 November 2016 - 07:14 PM) I bet they go for it
MikeGangGree... Icon : (27 November 2016 - 07:14 PM) COME ON D!!!
MikeGangGree... Icon : (27 November 2016 - 07:15 PM) SHIT!!!!
MikeGangGree... Icon : (27 November 2016 - 07:15 PM) THAT WAS THE PLAY
MikeGangGree... Icon : (27 November 2016 - 07:15 PM) WE SUCK
MikeGangGree... Icon : (27 November 2016 - 07:15 PM) WIDE OPEN
MikeGangGree... Icon : (27 November 2016 - 07:18 PM) FIRE THE WHOLE DEFENSE
MikeGangGree... Icon : (27 November 2016 - 07:19 PM) Bubba from forest gump has that blank dumb stare
MikeGangGree... Icon : (27 November 2016 - 07:20 PM) COME ON FITZ
MikeGangGree... Icon : (27 November 2016 - 07:21 PM) THAT SHOULDNT STAND
ganggreen2003 Icon : (27 November 2016 - 07:21 PM) his foot was out of bounds
MikeGangGree... Icon : (27 November 2016 - 07:21 PM) WELL THATS A BREAK
MikeGangGree... Icon : (27 November 2016 - 07:22 PM) 75 yards away
MikeGangGree... Icon : (27 November 2016 - 07:23 PM) Thats not gonna do it'
MikeGangGree... Icon : (27 November 2016 - 07:23 PM) 2nd and 4
MikeGangGree... Icon : (27 November 2016 - 07:24 PM) f*** YOU RYAN FITZPATRICK
MikeGangGree... Icon : (27 November 2016 - 07:25 PM) YOU SORRY SON OF A BITCH
ganggreen2003 Icon : (27 November 2016 - 07:26 PM) it keeps us in the hunt for a top 5 pick
ganggreen2003 Icon : (27 November 2016 - 07:26 PM) I'm glad we lost
ganggreen2003 Icon : (27 November 2016 - 07:26 PM) we need to get a top 5 pick in the draft
MikeGangGree... Icon : (27 November 2016 - 07:26 PM) COME ON D!!!
Jetsfan115 Icon : (27 November 2016 - 07:28 PM) Good job fitz. Way to keep us at the fifth overall pick
MikeGangGree... Icon : (27 November 2016 - 07:28 PM) AND DO WHAT WITH IT?????
MikeGangGree... Icon : (27 November 2016 - 07:29 PM) What the f*** are we going to take
at 5?????
MikeGangGree... Icon : (27 November 2016 - 07:30 PM) They will just take another f***ing D player
MikeGangGree... Icon : (27 November 2016 - 07:31 PM) Like Peppers
ganggreen2003 Icon : (28 November 2016 - 08:21 AM) We better NOT bring MEvis back next season he's clearly past his prime
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Detroit Declares Bankruptcy

#21 User is offline   SecondHandJets Icon

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Posted 24 July 2013 - 09:51 PM

View Postazjetfan, on 24 July 2013 - 08:29 AM, said:

You may want to research how commercial loans work. They do not work like a traditional mortgage. Is this a single family home? How many apartments. If it is more than 4 it will not be a traditional mortgage. It will have to be a commercial loan (portfolio ) loan. These typically have a 3 or 5 year balloon where the rate will reset and you will need to reprove your credit worthiness . I still would tread with caution. They are not selling because there is no market and probably won't be ever again. What are your reserves for repairs and maintenance? The bank will require this.


It's a 14 unit (all 1BRs).

I'm aware that commercial is different, I'm not even sure if I can get a commercial loan on anything under 6 figures.
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#22 User is offline   azjetfan Icon

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Posted 25 July 2013 - 01:19 PM

View PostSecondHandJets, on 24 July 2013 - 09:51 PM, said:

It's a 14 unit (all 1BRs).

I'm aware that commercial is different, I'm not even sure if I can get a commercial loan on anything under 6 figures.


An SBA loan is your only real option. You cannot do a salable loan, FHA loan or anytype of government loan that I know of using property of more than 4 units. Even when it is 4 or less you have to live in them and still credit and DTI qualify. Still a poor investment in my opinion.
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