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All Forum Posts by: Account Closed

Account Closed has started 12 posts and replied 15 times.

Post: How to purchase multifamily with no/little money down?

Account ClosedPosted
  • Lender
  • Pasadena, CA
  • Posts 16
  • Votes 2

I am looking for a way to purchase multifamily properties with no or little money down. Where can I find sell carry back deals where a downpayment might not be required? Or is there another way?

Post: New Commercial Broker in California Multi-Family Specialty Firm

Account ClosedPosted
  • Lender
  • Pasadena, CA
  • Posts 16
  • Votes 2

Thank you both for getting back to me on this question. It seems mailers are the most popular form of marketing and it is the least intrusive way to reach out to people. Thank you for your advice. 

Post: New Commercial Broker in California Multi-Family Specialty Firm

Account ClosedPosted
  • Lender
  • Pasadena, CA
  • Posts 16
  • Votes 2

I am a new broker in California working for a commercial firm that specializes in Multi-family properties from 8 to 80 units. How should I get started? Where should I be generating my leads from? How can I differentiate myself? How should I market and what should I be sending out and calling with? My firm and team do extremely well, I am just trying to get off to a good start. 

Post: How did you choose your broker?

Account ClosedPosted
  • Lender
  • Pasadena, CA
  • Posts 16
  • Votes 2

I recently joined a small commercial real estate firm that specializes in multi-family properties in the LA area and am curious about how to get started. I know marketing is the biggest tool, but I am curious to see how investors chose their broker to either buy or sell with. I would appreciate any tips, ideas, or advice. Thank you. 

Post: Conventional Mortgage and Investment Property Mortgage

Account ClosedPosted
  • Lender
  • Pasadena, CA
  • Posts 16
  • Votes 2

Hello,

I recently bought my first investment property in Mesa, AZ and have a 17.7% return on cash invested with 20% down. I am trying to figure out my next move and have a few questions. I live with my girlfriend in a condo she bought in Pasadena, but I want to purchase a multi-unit/family property in the Pasadena area with a conventional loan. I want to do this to cover our living expenses and mortgage cost, possibly rent out her place, and save up for a decent home of our own. Is it possible for me to qualify for an FHA loan to get this type of property? How long do I have to live in it before I can move out or buy a new place without effecting the loan type? I know my investment property loan rate was much higher than a standard mortgage would have been, so I am trying to figure out the best way to move forward. Thank you in advance for your help.

-Brett