All Forum Posts by: Chetan Patil

Purchase price will be approximately $1.2M.

Thanks @Andrew Postell, I just posted.

@Kade Matthews I will DM you with more details. 

What are the best options to buy and hold a stabilized assisted living facility? The purchase price would be close to the value of the real esate itself without any business value added on top.

Ideally rental loans with low interest rates would be a great fit but I don't know if most lenders do these for ALFs.

What are the best options to buy and hold a stabilized assisted living facility? The purchase price would be close to the value of the real esate itself  without any business value added on top.
Ideally rental loans with low interest rates would be a great fit but I don't know if most lenders do these for ALFs.

@Sid Bobba this looks interesting. I am new to this space and would like to attend and connect with more folks. Could you plz share the details of how/where to attend?

Has anyone had experience working with prefab/modular builds for 2-4 units in the San Francisco bay area? 
I checked a few online and most were either not available in the bay area or only dealt with SFR.

Hello all,

I am looking into purchasing a small commercial property with a CAP rate of ~10% at a purchase price of $375,000. I wanted to understand how cash out refinance works for such properties. I am considering buying with cash (borrowed) and then refinance almost immediately.

Assuming I can providing them the rent rolls etc. will the appraisal and the refinance amount be mostly close to $375,000 given that it was a recent purchase and there have been no major upgrades to the property or will they actually use an appropriate GRM and other factors (like neighborhood) that could potentially value the property much higher and I might be able to pull majority of the cash out?

Also, what is the earliest I can refinance after purchase?

Interesting discussion. Can anyone comment on the value add of ADU to the main house in San Francisco Bay Area? Specifically:

1. If I were to refinance the main house then will they add value and let me borrow more?

2. If (1) is yes, how much value does it add? Let's say we spent $200k for the ADU for 500sqft while the main house is priced at $600/sqft then how much could the appraiser value the ADU?

3. If this is a rental property then is the valuation also based on the rent it generates?

Thanks for the responses. For the appraisal, the value should be above asking price even without the unpermitted addition but I am just concerned if it might negatively affect to the point that appraisal goes down or becomes a blocker with the lender.