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Updated over 2 years ago,
commercial multifamily real estate 5units-12 units help
Hi,
I have some single family homes, triplex and 4 plex. I'm trying to get into commercial multi family real estate, specifically looking at around five units to 12 units. Can someone tell me which sources or books I can read that can break it down in terms of the steps and the lenders and what the lenders are looking for, and the process of closing? I've heard of the book by Michael Blank Financial freedom with real estate investing, but looking at the reviews it seems to talk more about syndications. I am not planning on doing any syndications right now. I just need some guidance on how to talk to lenders or what lenders are looking for in terms of rent income, loan to value, etc. for five units to 12 unit Multi family property.
Thank you!
Frank