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All Forum Posts by: Aharon Najafi

Aharon Najafi has started 13 posts and replied 33 times.

@Luciano A.

Yeah I have a private lender doing 80% ltv. They seem to be good with working with noobs too so far.

Yeah, I’m aware that the red tape exists when rezoning. I just don’t know how much of it there is and if I can get through it.

@Manan Patel

Seattle is hard to get into which is why I haven’t been going more than 10% under list. Then pivot anger inspection

Do you think this is a good strategy?

@Luciano A.

This property might still be a good deal.

Their counter is still $80k under market. I could eat the $30k but then that means no major upgrades. It also has the potential to subdivide and add a sfh or rezone for mfh.

There are still up sides to this deal. It’s not all bad but I think I’ll ask other realtors in the area about the inspection report sharing.

@Greg Scott my realtor advised me that in Washington state the buyer is not allowed to send the inspection report to the seller unless they request it.

I’m a bit of a newbie….

I’m in contract on a property and have already completed the inspection. There are several things that need to be done including the roof, foundation and deteriorated subfloor.

I’m asking for a $30k price adjustment but they only want to do $10K price adjustment.

I have already tried reducing to $25k and offer to cover closing costs.

Any suggestions on how to make the sellers more amicable or other advice to negotiate this offer?

I’m buying a property that I may want to be a duplex. Does anybody have any experience working with king county changing the property type? What’s the process look like?

Originally posted by @Caleb Brown:

It'll be hard to find any active comps since inventory is low and everything sells quick. It's better to have solds since those have closed

 okay, I can get tons of sold comps. If I dont have any active comps then how many sold do you think I should show?

Post: Multi-family JV Help

Aharon NajafiPosted
  • Posts 34
  • Votes 8
Originally posted by @Zachary Harrison:

If you don't have the funds you might look into hard money or private money.  You could also bring in a partner and give them a certain percentage for bringing the money.  Those are the most common from what I have seen.  Also look for commercial brokers that might have connections or could possibly fund it themselves.  

I have looked into HM and private but most of them only want to <4 units for a JV investor or if they have the program then they append a hefty price tag.
Do you do a lot of 4+ unit properties? what do your deals look like?

Post: Multi-family JV Help

Aharon NajafiPosted
  • Posts 34
  • Votes 8

Hi Everyone!

Does anyone have any recommendations on how to find financing for a 5+ property? How much experience do you have with this?

This will be my first commercial - any advice is appreciated!

@Forrest Williams where can I go to find rental comps. I use propstream for my comps.