All Forum Posts by: Chi Sastry

Hi! 

I signed an exclusive agreement with an Agent that I want to terminate. The agent is giving me runaround and not agreeing to terminate the agreement. What options do I have? The agreement was for 1 property. But the agent included 2 MLS listings in the contract.
it’s for 2 huge markets in NC - I didn’t win the property I signed with the agent for. But the agreement runs through july 2024. I want out asap. 

Yes. I read the agreement. The relationship has gone south. 

Thanks,

Chi

 Thanks Ali- I’m looking to scale for sure. Let me know what your solutions are. Would be great to connect as I scale for sure!! 

 Hi Ryan - not 5. But 3 points. 

 Thanks Carrie! Just DM’d you. I plan to hold for 5 years atleast. Under my option 1 - I break even faster bc it’s better cash flow. 
agree with your #2. 

Hi BP- 

buying my 3rd multi-unit property.

I’m putting a contract on a 4plex

I’d like to understand which financing option is better:

Option 1 - Residential loan- 7.99%, 30 yrs, 25% down. 3 points at closing plus 2% closing cost. monthly Mortgage is ~ 1800 Under my name.


Option 2- Commercial loan. 7.75%, 20yrs, 20% down. 5 year balloon payment. 1% for closing. No points.
monhtly mortgage is ~ 2100. Under LLC

Option 2 is 13K less for closing. But also lower cash flow every month.


Any other suggestions on how to analyze the deal. I’d like to use the 13k to buy another property. But don’t like the 5/20 or the lower cash flow.

Thanks!!

Hi BP-

buying my 3rd multi-unit property.

I’m putting a contract on a 4plex

I’d like to understand which financing option is better:

Option 1 - Residential loan- 7.99%, 30 yrs, 25% down. 3 points at closing plus 2% closing cost. monthly Mortgage is ~ 1800 Under my name.


Option 2- Commercial loan. 7.75%, 20yrs, 20% down. 5 year balloon payment. 1% for closing. No points.
monhtly mortgage is ~ 2100. Under LLC

Option 2 is 13K less for closing. But also lower cash flow every month.


Any other suggestions on how to analyze the deal. I’d like to use the 13k to buy another property. But don’t like the 5/20 or the lower cash flow.

Thanks!!

Hi BP- 

buying my 3rd multi-unit property. 

I’m putting a contract on a 4plex 

I’d like to understand which financing option is better:

Option 1 - Residential loan- 7.99%, 30 yrs, 25% down. 3 points at closing plus 2% closing cost.  monthly Mortgage is ~ 1800  Under my name. 


Option 2- Commercial loan. 7.75%, 20yrs, 20% down. 5 year balloon payment.  1% for closing. No points. 
monhtly mortgage is ~ 2100. Under LLC

Option 2 is 13K less for closing. But also lower cash flow every month. 


Any other suggestions on how to analyze the deal. I’d like to use the 13k to buy another property. But don’t like the 5/20 or the lower cash flow.

Thanks!!