All Forum Posts by: Charles Carillo

@Daniel Stanziale I have a lender that will do a 25 year term, fixed rate multifamily mortgage if the mortgage is under $250k. PM Me. I just refinanced a small multifamily with them and there is no other product like this for this size property. Banks want to do 5 year and 10 year terms.

Hi,

Here are a few good real estate books:

Multifamily Millions by Dave Lindahl

The ABCs of Real Estate Investing by Ken McElroy

The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges

Commercial Real Estate Investing by Dolf De Roos

Trump: The Best Real Estate Advice I Ever Received by Donald Trump

Tax Free Wealth by Tom Wheelwright

Commercial Real Estate 101: How Small Investors Can Get Started and Make It Big by David Lindahl

Raising Private Capital: Building Your Real Estate Empire Using Other People’s Money by Matt Faircloth

The Definitive Guide to Apartment Marketing by Josh Grillo

Investing in Apartment Building by Matthew Martinez

Crushing It in Apartments and Commercial Real Estate by Brian H Murray

The 7 Secrets to Successful Apartment Leasing by Eric Cumley

2 Years to a Million in Real Estate by Matthew Martinez

Burn Zones: Playing Life’s Bad Hands by Jorge Newbery

Commercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request by Michael Reinhard

It’s a Whole New Business!: The how-to book of syndicated investment real estate by Gene Trowbridge

Hi Matthew,

It depends on the cap rate. For example, a $200 rent increase on a 8 unit property with a 7 cap would increase the value by $274k. Now this is a rough estimate; assuming expenses stay the same and you have 100% occupancy. 

Here is the formula: Increase In NOI (200 per unit increase x 8 units x 12 months) / .07 (7% Cap. Rate) = $274k

Also this might help: Cap Rate = Net Operating Income / Current Property Value

Hi Andy,

Where are you looking in Florida? How many units are you targeting?

Hi Chihiro,

We use separate attorneys; a SEC one and a closing one. The SEC one does not need to be based in the state of the property but our closing attorney is. You might be able to find both in one firm but they are different areas of expertise.

Hi Ricky,

When we direct mail it sometimes includes multiple options like; selling their property and/or partnering with us. I would suggest split testing one that offers contracting and one that does not. It is really the only way to know how effective it will be. Make sure the sample audience is at least several hundred and send the equal amount to the same number of people for each campaign. Since it provides the homeowner options you would imagine it would have a better response but there is only one way to know. Good luck!

Hurricanes and termites are the main concerns that are minimized with CBS. Lower insurance is a bonus.

Hi Sander, 

PM me, I will connect you with one of my partners in your backyard.

@Mike Lambert I get it from the European Covered Bond Council and the European Mortgage Federation! Also these rates are also for Europeans, not foreign investors!

2% mortgages are mainly all in Western European States (about 9 states out of 50 European States (32 EU States)). As you move East through Central and Eastern Europe, the rates are much higher (5.67% in Romania). So a blanket statement of 2% for foreign investors pertains to less than 20% of European States and about 30% of EU States.

"Recession proof" multifamily rentals are not a thing. As a rule of thumb, don't buy a property that will not cash flow if you decrease the gross income by 15%. This is by no means a guarantee of being "recession proof" but the stress test along with adequate cash reserves will get your through most if not all downturns.