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Updated over 7 years ago on . Most recent reply

Troy Forney's profile image
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Troy Forney
  • Appraiser
  • from Valparaiso, IN
  • Member since Aug 21, 2015
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Troy Forney's profile image
Troy Forney's profile image
Troy Forney
  • Appraiser
  • from Valparaiso, IN
  • Member since Aug 21, 2015
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Troy Forney
  • Appraiser
  • Valparaiso, IN
62
Votes |
121
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Multi-Family and Apartment Investing

Considering a 5 unit

Troy Forney
  • Appraiser
  • Valparaiso, IN
Posted

So I am considering a 5 unit, but the financing seems very risky.  Spoke with a commercial lender and basically it seems as though it is amortized over 30 years, but I would have to either refinance or pay off the balance every 3 years.  With an adjustable rate.  Seems pretty risky.  Anyone else have any other suggestions?  

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Jessey Kwong's profile image
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Jessey Kwong
  • Investor
  • from Vancouver
  • Member since Sep 20, 2017
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Jessey Kwong's profile image
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Jessey Kwong
  • Investor
  • from Vancouver
  • Member since Sep 20, 2017
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Jessey Kwong
  • Investor
  • Vancouver
9
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44
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Jessey Kwong
  • Investor
  • Vancouver
Replied

Troy Forney can I ask how much is the property and which city. I’m sorry to sidetrack from your post but just wondering out of curiosity

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