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Updated about 5 years ago on . Most recent reply

User Stats

44
Posts
33
Votes
Christopher Smith
  • Rental Property Investor
  • Goldsboro, NC
33
Votes |
44
Posts

Commerical Real Estate

Christopher Smith
  • Rental Property Investor
  • Goldsboro, NC
Posted

Hey guys so i have a question. Coming up on buying a 51 Unit apartment Complex. 8.23% Cap Rate bringing in 328K after all expenses. I have 2 lenders that will fund. One will do 80% LTC and the other is a Gap Funder that will do the 20% plus closing. My questions is i know 100% financing is something not alot of people heard of. So i want to know if there are any precautions i should know about? Tips advice etc. im pretty solid on terms and precautions but i dont know everything lol. Anything helps!! Please let me know. Big Dreams for being 19👍🏽👍🏽

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