All Forum Posts by: Brandon Grennan

I would take that deal if you had the capital to float you until you can raise rents. It's a punch up front for a great long term hold it sounds like. That rate alone sells it for me. Imagine 7% of 600K and that is a intense number in comparison. Once you get it stabalized and cash flow positive you could do a Cost Segregation study and accelerate the depreciation tax deductions to further increase your cash flow. Costs a few grand up front but jumps you ahead in the end in my opinion.

Jay thanks a ton! I really appreciate your guidance. Sounds like private money is the best option. Have a great day!

Hello BP community. Hope the best for everyone in 2023! I have a multifamily property for sale that was sent to me and it requires traditional financing. I am looking for financing for the downpayment which is about 100K. What is your best advice for finding a good lender with good terms that provides this type of service etc.?

Hey @Wes Talbot love your story and congrats on your amazing spot you are at in your life at the moment. Hats off! I am in the same boat. I do Cybersecurity as a contractor and me and my business partner are getting into Commercial Multifamily local and out of state. I'd love to connect and chat sometime. Best of luck in 2023.