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Updated about 4 years ago on . Most recent reply

User Stats

21
Posts
7
Votes
Annabelle Rozen
  • Rental Property Investor
  • New York, NY
7
Votes |
21
Posts

Looking to upscale to commercial multifamily

Annabelle Rozen
  • Rental Property Investor
  • New York, NY
Posted

Hi all!

I have been fixing up and renting out (BRRR) small 1-4 units in the past few years, accumulating some capital, and gaining management experience, which I would like to use now to upscale my business to a larger commercial building. Looking at the posts here for the past few years and the current U-Haul reports, etc. I am looking to the strong states as far as growth, like TX (Fort Worth..?) and FL (Tamps/St.Pete..?) My question is - what kind of a deal would I be able to find as my first commercial building in a good school district (which attracts responsible paying, and staying tenants)? what would be the minimum required Down payment? what what should be my budget in these areas?

Any recommendation where to start would be appreciated! 

Most Popular Reply

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2,246
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1,264
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Alex Bekeza
  • Lender
  • Los Angeles, CA
1,264
Votes |
2,246
Posts
Alex Bekeza
  • Lender
  • Los Angeles, CA
Replied

@Annabelle Rozen One you venture above 4 Units you will MOST LIKELY need to put a minimum of 25% down.  

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