ALBERTA MULTIFAMILY QUESTIONS

[Rick Laszlo]

#Multifamily #Vendor #Financing #Apartment 

Hello ! Help required PLEASE??

MY PROBLEM...I am a equity lender only. I However have been offered several buildings at 70k to 100k per door. Some 4plex, 9 and 12 suite buildings around Alberta.

I am thinking about partners, maybe a few in each of the smaller centres that these places are located. What is partnering like for everyone else?

Do you put in extra for repairs right away? What is a good CAP in Alberta?

Does anyone know about separating the titles and selling them?

I'm looking for any info anyone can give...I lend mortgage funds based on equity to date only...I'm really needing help to make a decision on what seems like a great opportunity because they come with bank and a vendor second to make my cash down a lot less.