How Snoopy Should You Be?
Tales from the Trenches
English - July 22, 2014 19:30 - 15.5 MB - ★★★ - 2 ratingsInvesting Business barry mcguire maguire macguire mcquire real estate tips investment for Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Podcast Episode 22: “How Snoopy Should You Be?” Commercial financing of real estate, (usually six units or more ) is different than retail financing. Lenders have their own lawyers and require more diligence. If buying in a corporation your lawyer usually has to provide the lender’s lawyer an opinion that your corporation is properly incorporated … Continue reading How Snoopy Should You Be?
Podcast Episode 22: “How Snoopy Should You Be?”
Commercial financing of real estate, (usually six units or more ) is different than retail financing. Lenders have their own lawyers and require more diligence. If buying in a corporation your lawyer usually has to provide the lender’s lawyer an opinion that your corporation is properly incorporated with the power to make a purchase and mortgage property. Your minute book must be up to date or delays will occur. Lenders usually won’t lend to someone who has gone bankrupt. In a joint venture ask your partner, “have you ever been bankrupt?”
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The full-text version of this Tale from the Trenches can be found HERE.
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