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Updated over 9 years ago on . Most recent reply
Robert SchellenbargPoster
- Buyer, Flipper, Creative Financing, Lease Option Expert, Rehabber and Long Term Holds
- West Palm Beach, FL
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Getting started buying multi-family properties small apartments
I am a real estate investor in Orlando, FL. Currently I am purchasing mostly single family homes. Although my goal is to get into multi-family properties and small apartment buildings. Any advise on financing commercial will be greatly appreciated.
Most Popular Reply
I've found that 10-15 minute discussions with commercial lenders well in advance of you needing money is a good use of a small amount of time. Find out what they need, start building a relationship. Respect their time, but set a goal to find out exactly what they can do for you and what they need from you (e.g .PFS, rent rolls, DCR etc.)