Lenders – For properties that have 1 – 4 units, you need a residential mortgage lender. Any property which contains 5 or more units is considered a commercial property. Buying a rental property – before spending a cent or looking at properties make sure you take time to educate yourself.

A house appraisal is an estimate of a property’s value. Mortgage lenders require an appraisal on your home before they’ll provide a loan for the simple reason that the property is the underlying asset that serves as collateral for the loan. If for some reason you run into financial difficulties.

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Our web-based commercial real estate valuation and analysis software makes it easy to create, analyze, and share a real estate proforma online. Unlike traditional commercial real estate analysis software, our service is simple-to-use, affordable, and 100% web-based.

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For most lenders, including Royal United Mortgage LLC NMLS# 13390, a minimum property rating of C4 is required in order to lend. A property in C4 condition has been adequately maintained and requires only minimal repairs to building components and/or cosmetic repairs.