07-15-2008, 05:27 AM
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How do I find a good mortgage broker?
I inherited a property with no mortgage. It is a multi unit property that can benefit from about $200k in investing. I think it would be best to get a broker to find me a loan but how do I go about finding a good one? And what kind of rates do they charge?
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07-15-2008, 07:37 AM
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I don't know your actual situation, but I'd look into the idea of turning the multi-unit property into an LLC or some type of business. For starters, you may be able to get a small business loan at that point. Secondly, you'll protect your other assets from any liabilities that owning this property might dump in your lap.
See a good business lawyer for initial advice and referrals to accountants. I wish you luck! Uppity Wench |
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