This content has been marked as final. Show 2 replies
I spent 11 years in the residential mortgage biz before the market forced me out. Because you want to purchase residential real estate under a corporation, you will not be able to get conventional financing. There are commercial options out there but they will all require substantial skin in the game. Typically the terms will require a 30% down payment. There is a lot of private and hard money out there. Rates are pretty high (9-12% is common) but since you would only be holding the properties for a year or two the rates won't matter too much.
There are a lot of firms out there doing the same thing and making a lot of money. However, your company will need the capital in place for downpayments and probably renovations.
Need real estate funding
Who r u?? Do you have a business plan??