All Forum Posts by: Chandra Krishnan

Dear BP members, I bought a SFR property in June 2017 with 20% down, renovated it and rented it last month. I believe the value is 60k more than I bought it for. Do I need to wait a certain amount of time to pull out cash by doing a refi? Any recommendations on lenders in Nj that would be interested? Thanks for your insight. C

Dear BP members, If one pays $200k for a property whose land value is assessed at $225k and the building at $50k, do I really get to depreciate anything? Thanks for your insight. C

Dear BP members,

I'm a newbie looking to take the plunge with a commercial deal - 2 story building - retail + office. Have some experience in managing commercial buildings and so understand the basics. I think the seller will be open to an offer of $500,000. Rough NOI $44,500/yr and 9% cap rate. I'm looking to put down 10%. Seller appears open to financing. Do you think getting 75% lender financing (20 year term) and 15% seller financing (say 20 year amortization with 5 year balloon) is a reasonable/practical expectation? It appears closing costs could be another 5% and looking for suggestions on whether it could be offset by some credit or rolled into the loan. Haven't yet reached out to a real estate agent or lender to discuss the possibilities as I just started crunching the numbers once I reached out to see the property after coming across the posting. Any feedback/advice is appreciated!

Thank you

CG.