All Forum Posts by: Charles Hayzer

ok thanks my financial broker told me 2-3 month that's where I was coming from..

Hi there, I own a a couple of single family homes. Im now looking into my first multi family building can someone please walk me trough the step my step of the process. here are a few questions that come to mind im sure im missing some so please fill me in...  

1 when giving in my offer that will include financing do i send it pre approval like by a single home?

2 whats the typical time frame, i know my single its 60 days, is this 90 day?

how much % is the typical amount down when signing the contract ?

its in new jersey so i guess i can do the building inspections ones im in contract while under attorney review

whats else and im missing    

Thanks! 

Thanks! and sorry for that typo

Hi, when im trying to figure a cap rate do I include the closing cost into the purchase price on that not taking into the equation ?  Thanks   

thanks 

A broker approached me with 50 million dollar building thats new construction, the deal is to large for me but I have a friend that my be the right buyer, how much can I ask from the buyer to give me as a finders fee? if he buys it

Thanks

Ok that was very helpful And kind of what I thought thanks for the clarity

Hi, I am looking to purchases an apartment building its a 5.69 cap in a good neighbored hood,,the property will probably appreciate a lot in the near future, I getting from one investor 25% and i will be take a 2 million dollar loan, on the building for the rest, so basically im bringing the deal to the investor, I will be working on the loan, running the project ect. My plan is to refinance as soon as I can get all the money out and give back the the investor. My question is how do I structure this load? how much present is mine and how much is his ?

Thanks for your help!