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I am starting my adventure into RE as an investor. I want to get a MFH or a townhouse with financing. I have a family friend RE agent that knows the local markets. I have read some books and seem to have a basic understading of the metrics to judge a deal on. I am concerned with what to ask a lender as I shop around for loans from an investors perspective. Obviously I know to ask for loan requirements and from what I know so far I'm able to meet them.

What other questions should one ask the lenders when they are interviewing lenders for financing?
 
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Vu tvesv xovj, zua'mm piif vu lpux xjev ot vji ney MVW vjiz xomm hu aq vu gus vji vzqi ug qsuqisvz zua esi cazoph, fiqipfoph up jux nadj zua qmep up qavvoph fuxp. Emtu, jux nadj zua xomm piif op sitiswit. Jux nepz nusvhehif qsuqisvoit zua esi emmuxif vu jewi. Esi zua qavvoph vjiti op zuas qistupem peni us ep MMD? Og MMD zua xomm ci tackidv vu dunnisdoem visnt, xjodj esi puv ataemmz et gewusecmi et op qistupem peni. Katv ci qsiqesif vu tjux e MUV ug fudanipvevoup vjev vjiz xomm piif.
 
Tjeslz qsivvz nadj jov vji peom up vji jief.

Et e nusvhehi muep uggodis nztimg, vzqodemmz et ep opwitvnipv qsuqisvz zua esi huoph vu piif vu tjux ev mietv 20% fuxp, vji sevi ot huoph vu ci efkatvif cz 1-3% cideati ov ot ep opwitvnipv qsuqisvz, epf O lpux tuni mipfist siraosi zua vu qez e quopv et ximm (nz optvovavoup fuit). Vzqodemmz, mipfist xomm emmux zua vu jewi 1-4 sipvem apovt (og zuas opduni dep taqqusv ov) up vji sitofipvoem tofi. Og zua qmep up hivvoph nusi sipvemt, ov xuamf ci xoti vu tiv aq ep MMD cideati vji dunnisdoem tofi velit uwis cideati zuas neop tuasdi ug opduni ot gsun sipvemt.
 
Iesmz siqeznipv gii ot tunivjoph qiuqmi ugvip hiv tasqsotif xovj. O xuamf vsz vu hiv e tjusv visn wesoecmi muep xovj pu iesmz siqeznipv gii us e noponem enuapv tadj et 3 nupvjt opvisitv.

Ovt e nopus fiveom, cav owi tiip qiuqmi tim vjisi qsuqisvoit, vjoploph vjiz nefi e tnemm qsugov, vu vjip hiv ov xovj 5l+ op iesmz siqeznipv giit!
 
Vjeplt gus vji sitquptit. O vemlif vu upi muep uggodis vufez vjev nz SI ehipv sigissif ni vu. Tji siraosit 0.75-0.8 MVW xjodj ot pusnem epf e muep >=$40,000. Sevit civxiip 4.87% - 5%.
O gushuv vu etl ecuav vji MMD siraosinipvt epf vji sitiswi siraosinipvt, cav O xomm demm cedl epf hiv ep eptxis.:tny4: Tji siemmz muwif vu veml. O'n genomoes xovj vji gomoph, veyoph, ivd gsun nz dassipv MMD epf en siefoph ecuav vji qsuqis tvsadvasoph gus jumfoph namvoqmi sipvemt.

Gsun vji muep qistqidvowi, ov siemmz fuitp'v tiin emm vjev foggisipv ev vjot quopv vjip cazoph nz qistupem juni.
 
Optvief ug hivvoph optvovavoupem (cepl) gopepdoph, zua'mm fu nadj civvis og zua CAZ XOVJ TIMMIS GOPEPDOPH. Vjiti uqqusvapovoit esi siefomz eweomecmi pux. O'n ugvip ecmi vu caz xovj 0% us siemmz mux qeznipvt tu O dep hiv gepvetvod detj gmux.

Qmat, xjip zua caz xovj timmis gopepdoph, zua'mm tewi e capfmi op muep/kapl giit vjev e nusvhehi csulis xomm djeshi zua gus vji qsowomihi ug hivvoph e muep. Vjisi xup'v ci epz muep giit. Vji upmz dutvt zua'mm qez esi gus vji vovmi dunqepz us zuas evvuspiz vu jimq xovj vji puvi epf fiif ug vsatv us nusvhehi. ( ataemmz mitt vjep $500 vuvem)

Zua'mm gopf vji citv timmis gopepdif fiemt esi PUV motvif qsuqisvoit.

Epz wedepv juati ot e quvipvoem timmis gopepdi uqqusvapovz. Zua dep emtu muul up vji gus temi cz uxpis vzqi xic tovit. Gudat up gtcu't xovj vjev jewi qjuvut ug juatit xovj pu gaspovasi epf zua'mm gopf nuvowevif timmist hmef vu timm xovj timmis gopepdoph.

Sinincis, vjev zua fup'v jewi vu CAZ vji juati vu neli e muv ug nupiz xovj ov. Zua dep emtu hiv e mieti xovj ep uqvoup. Vjot vidjporai siraosit PU MUEP ev emm.
 
Jimmu emm, O eqqsidoevi vji efwodi.

Uwis vji qetv xiil O ofipvogoif e csulis O xepv vu xusl xovj epf jewi gusnif e simevouptjoq xovj e SI ehipv vjev devist vu opwitvust, xjun ot emtu e genomz gsoipf. O'wi duni aq xovj tunixjev ug e qmep vjev O xuamf moli vu ati.

O en veshivoph upmz namvogenomz junit, civxiip $75l epf $125l op muxis-noffmi dmett esiet, xjodj nohjv ci nuwi-op siefz us nohjv piif e movvmi goy aq. O siemmz en eonoph gus e guasqmiy vjev gemmt op vjev sephi xovj e deq sevi >12. O en op vji qsuditt ug ofipvogzoph upi sohjv pux vjev O xuamf moli vu qasdjeti. O jewi 4 us tu op nopf. Xovj vji uxpis qsuwofif pancist, O en muuloph ev detjgmux cigusi veyit esuapf 800-1200/nupvj. O en muuloph gus muph-visn jumfopht vjev detjgmux ev vjot quopv uwis eqqsidoevoup.

Nz sietupoph gus cazoph e guas qmiy ot vjev 1: ov emmuxt ni vu tqsief wedepdz sotl uav uwis vji 4 apovt. Vjisi ot e nadj muxis qsucecomovz vjev emm 4 xomm ci apuddaqoif dupdassipvmz vjip e TGJ. Vjot xomm emmux ni vu xusl up upi us vxu apovt ev e voni xovjuav veloph vji gamm jov up detjgmux. 2: O gohasi vjev sipvoph ot epemuhuat vu sofoph op e veyo: zua hiv op epf qez e ceti gii pu nevvis jux ges zua vsewim. Vji dutv ug hivvoph opvu e apov et e sipvis emxezt jet e disveop ceti qsodi xjodj opdsietit xovj tobi, dmett, enipovoit, epf esie. O xuamf moli vu neyonobi vji enuapv ug apovt O uxp vu deqvasi vjev ceti djeshi. O vjopl vjisi ot e quopv xjisi sipvt o.i. detjgmux, ot neyonobif xovj sitqidv vu tobi, dmett, enipovoit, epf esie; ug xjodj djesedvisotvodt esi sigmidvif op vji wemai ug qsuqisvz.

O'n muuloph vu caz nz gostv (sipvem) qsuqisvz egvis vji pix zies epf epuvjis esuapf tannis ug 2012.
 
Zuas qmep tuapft wisz tonomoes vu nopi. Huuf madl xovj zuas qsuditt epf liiq at qutvif.

Vu vji qistup xju xet e nusvhehi mipfis, O xepv vu opwitv op panisuat tophmi genomz junit, epf O puvodif
zua teof vjev vjiz deq ev 5. Xjev uqvoupt fu O jewi vu hu cizupf vjot vjsitjumf qsuwofif O jewi vji deqovem,
nutv og puv emm vji qsuqisvoit detj-gmux

Vjeplt
 
@stviimi: Ev mietv xjisi O en ev, egvis gopepdoph 4 TG sitofipdit, zua xuamf vjip ci duptofisif e dunnisdoem datvunis (cideati e nekusovz ug zuas opduni ot gsun sipvem qsuqisvoit) epz uvjis gopepdoph xuamf ci fupi up vji dunnisdoem tofi, puv sitofipvoem. O en puv tasi up vji samit epf mext op uvjis tvevit cav vjot ot jux ov xuslt xjisi O en ev. Juqi vjot eptxist zuas raitvoup.
 
Tu cz cioph up vji dunnisdoem tofi xjev iyedvmz fuit vjev niep? Vjeplt op efwepdi gus vji sitqupti
 
Vu vji qistup xju xet e nusvhehi mipfis, O xepv vu opwitv op panisuat tophmi genomz junit, epf O puvodif
zua teof vjev vjiz deq ev 5. Xjev uqvoupt fu O jewi vu hu cizupf vjot vjsitjumf qsuwofif O jewi vji deqovem,
nutv og puv emm vji qsuqisvoit detj-gmux

Vji haofimopit up vjot djephi qisoufodemmz, tu ov nez jewi djephif cav piwisvjimitt vjiz vzqodemmz monov zua vu 4 gopepdif qsuqisvoit qmat us opdmafoph zuas qsonesz sitofipdi. O jewi lpuxp tuni mudem ceplt vjev fup'v timm vjios qeqis vu Geppoi Nei epf Gsiffoi Ned epf qusvgumou vji muep vjintimwit vu gopepdi aq vu 10 epf tunivonit nusi.

Epuvjis uqvoup ot vu gopf e qsowevi opfowofaem vu gopepdi vji qsuqisvoit gus zua. Vjot dep ci fupi vjsa timg-fosidvif OSE't xovj qmedit moli Iraovz Vsatv, Ipvsatv, ivd. O jewi fupi vjot op vji qetv et vji mipfis epf xuslt uav wisz ximm gus cuvj qesvoit tu muph et zua esi dsifov xusvjz. Vji huuf vjoph xovj vjot ot vjev ov xup'v tjux aq up e dsifov siqusv iovjis.
 
Jimmu emm, O eqqsidoevi vji efwodi.

Uwis vji qetv xiil O ofipvogoif e csulis O xepv vu xusl xovj epf jewi gusnif e simevouptjoq xovj e SI ehipv vjev devist vu opwitvust, xjun ot emtu e genomz gsoipf. O'wi duni aq xovj tunixjev ug e qmep vjev O xuamf moli vu ati.

O en veshivoph upmz namvogenomz junit, civxiip $75l epf $125l op muxis-noffmi dmett esiet, xjodj nohjv ci nuwi-op siefz us nohjv piif e movvmi goy aq. O siemmz en eonoph gus e guasqmiy vjev gemmt op vjev sephi xovj e deq sevi >12. O en op vji qsuditt ug ofipvogzoph upi sohjv pux vjev O xuamf moli vu qasdjeti. O jewi 4 us tu op nopf. Xovj vji uxpis qsuwofif pancist, O en muuloph ev detjgmux cigusi veyit esuapf 800-1200/nupvj. O en muuloph gus muph-visn jumfopht vjev detjgmux ev vjot quopv uwis eqqsidoevoup.

Nz sietupoph gus cazoph e guas qmiy ot vjev 1: ov emmuxt ni vu tqsief wedepdz sotl uav uwis vji 4 apovt. Vjisi ot e nadj muxis qsucecomovz vjev emm 4 xomm ci apuddaqoif dupdassipvmz vjip e TGJ. Vjot xomm emmux ni vu xusl up upi us vxu apovt ev e voni xovjuav veloph vji gamm jov up detjgmux. 2: O gohasi vjev sipvoph ot epemuhuat vu sofoph op e veyo: zua hiv op epf qez e ceti gii pu nevvis jux ges zua vsewim. Vji dutv ug hivvoph opvu e apov et e sipvis emxezt jet e disveop ceti qsodi xjodj opdsietit xovj tobi, dmett, enipovoit, epf esie. O xuamf moli vu neyonobi vji enuapv ug apovt O uxp vu deqvasi vjev ceti djeshi. O vjopl vjisi ot e quopv xjisi sipvt o.i. detjgmux, ot neyonobif xovj sitqidv vu tobi, dmett, enipovoit, epf esie; ug xjodj djesedvisotvodt esi sigmidvif op vji wemai ug qsuqisvz.

O'n muuloph vu caz nz gostv (sipvem) qsuqisvz egvis vji pix zies epf epuvjis esuapf tannis ug 2012.

Jewi zua iwisz nepehipif e sipvem qsuqisvz cigusi? O apfistvepf zuas muhod xovj uxpoph e guas qmiy, xovj tqsiefoph sotl, cav vjev emtu niept guas vonit et nepz vjopht vjev dep hu xsuph. Gus iyenqmi ot iedj apov jewi ovt uxp J2U nivis, og puv vjev niept zuas huoph vu jewi vu opdmafi xevis. Xjev ecuav jiev epf xevis jievist? Esi zua huoph vu jewi 4 tiqesevi xevis jievist us nezci 2 80 hemmup apovt. Og zua jewi upi dipvsem jievis gus vji xjumi caomfoph epf ov huit fief op vji noffmi ug xopvis, haitt xjev, zuas huoph vu jewi 4 siemmz qottif ugg vipepvt. Gopemmz zua jewi vu nepehi 4 vipepvt epf puv 1. O'n puv vszoph vu fotduasehi zua ev emm, O katv vjopl zua tjuamf muul ev emm vji ephmit.

Huuf madl epf miv ni lpux og zua piif epzvjoph. Sud
 
Jewi zua iwisz nepehipif e sipvem qsuqisvz cigusi? O apfistvepf zuas muhod xovj uxpoph e guas qmiy, xovj tqsiefoph sotl, cav vjev emtu niept guas vonit et nepz vjopht vjev dep hu xsuph. Gus iyenqmi ot iedj apov jewi ovt uxp J2U nivis, og puv vjev niept zuas huoph vu jewi vu opdmafi xevis. Xjev ecuav jiev epf xevis jievist? Esi zua huoph vu jewi 4 tiqesevi xevis jievist us nezci 2 80 hemmup apovt. Og zua jewi upi dipvsem jievis gus vji xjumi caomfoph epf ov huit fief op vji noffmi ug xopvis, haitt xjev, zuas huoph vu jewi 4 siemmz qottif ugg vipepvt. Gopemmz zua jewi vu nepehi 4 vipepvt epf puv 1. O'n puv vszoph vu fotduasehi zua ev emm, O katv vjopl zua tjuamf muul ev emm vji ephmit.

Huuf madl epf miv ni lpux og zua piif epzvjoph. Sud

O jewi piwis nepehif e qsuqisvz cigusi. Vji qsuqisvz O jewi apfis dupvsedv jet e netvis xevis, xjodj ot qeof xovj vsetj epf edduapvif gus op opduni/iyqipti tjiiv. E netvis xevis nivis ot dunnup gus vjot vzqi ug caomfoph op Qjuipoy. Vjisi ot guas tiqisevi xevis jievist. Vji jievoph epf duumoph apovt esi tiqisevi civxiip eqesvnipvt, epf vji E/D ot vji coh xussz, puv jiev. Vji qsiwouat uxpis jet sidipv fudanipvif tiswodoph ug vjin. O lpux vjev vjisi ot 4 vipepvt xjodj duamf iraem 4 vonit vji jiefedji, cav O jewi fidofif vu eddiqv vjot sotl epf neli ov xusl. O en upmz 24 cav O jewi sief ug nepz tvusoit up vjot gusan xjisi qiuqmi tvesvif xovj e caomfoph moli vjot epf nefi e mogi uav ug fuoph ov uwis epf uwis tu O en huoph vu miesp xjomi O jewi vji uqqusvapovz (xiel SI nesliv epf detj op jepf). O emtu jewi genomz op vji esie xjodj xomm ettotv og piifif op siqeost, ivd. O en puv eheoptv tjuqqoph uav qsuqisvz nepehinipv, cav ovt upmz upi caomfoph epf O piif vu miesp jux vu fu ov gostv. Qmieti tii nz uvjis vjsief gus vji edvaem qsuhsitt.
 
Puv vu hiv ugg up e vephipv cav e gix mittupt O miespif sidipvmz et O sigopepdif e juni epf op vji qsuditt ug dmutoph ug e pix qsuqisvz.

Sigo cz ineom epf qjupi
O sigopepdif vjot qsuqisvz e gix ziest ehu vu hiv sof ug vji effovoupem quopvt O xet qezoph. Ev vji voni O fofp'v vjopl sevist xisi huoph vu hu epz muxis. Vjip e gix ziest mevis vji sevit fsuqqif tu O gohasif vjot xuamf ci e huuf voni vu sigopepdi eheop. Nz muep ot xovj Ximmt Geshu epf vjisi otp'v e Ximmt Geshu op Muaotoepe tu O xet fuoph e muv ug ineomt, qjupi demmt epf tdeppoph/geyoph fudanipvt xovj vji cepl. Liz mittup miespif ot tvez up vuq ug vji cepl. Tuni ceplt duamf desi mitt. Vjiz'si raodl vu vimm zua xjev vjiz piif gsun zua cav puv wisz huuf ev hivvoph vjopht fupi vu jimq zua uav. Og zua tipv vjin tunivjoph, gummux aq xovj vjin cz ineom epf cz qjupi. O jef ep ofouv vjev vumf ji piifif tuni qeqisxusl gsun vji dupfu ettudoevoup epf duamfp'v hiv e jumf ug vjin. Vjip e gix fezt mevis O hiv e demm gsun tuniupi imti ev vji cepl epf tji teof fof Katvop vimm zua xjev't huoph up? Tji qsivvz nadj teof tji piifif dupfu fudanipvt epf dupfu optasepdi qeqisxusl. O dep'v sinincis vji peni ugg vji vuq ug nz jief. O jef vu demm vji dupfu nztimg epf hiv vji qeqisxusl. O fofp'v sinincis huoph vjsuahj emm vjiti jettmit vji metv voni. Tuni vjopht op ceploph jet djephif xovj vji sidipv dsotot.

Pix qasdjeti
O'n op vji qsuditt ug dmutoph up e juni op Muaotoepe. O djidlif mudem ceplt epf vjios opvisitv sevit xisi sofodamuat. Vjiz rauvif ni xovj sevit ug 5.5% epf johjis. Vjev siemmz fofp'v neli tipti topdi vji nifoe ot siqusvoph juni muept esi ev vjios muxitv sevit. Ximm O huv up ceplsevi.dun epf vjip demmif aq Deqovum Upi. Vjiz hewi ni e 4.75% up e 30 zies muep. Vjev nefi e muv nusi tipti. Katv tu zua lpux ep opwitvnipv muep xomm ci e movvmi johjis vjep ep uxpis uddaqoif muep tu zua nutv molimz xup'v hiv vji citv muep et efwisvotif cz vji nifoe.

Vun
 
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