All Forum Posts by: Chris Archer

Hello, I am looking for long term private money for a rental purchase.  Thank you.

Hello, I am looking for a property manager who has experience in managing transitional housing/clean and sober housing. The 2 houses are in Everett, WA. Thanks so much!

Hi, I am looking at purchasing a small commercial property in the Seattle (Burien) area and have some questions. Are there any commercial property managers on BP that work in this area?

Thank you Fred

I am looking for referrals to any lenders, banks, credit unions ect. that will allow a high LTV cash out refinance for an investment property. Currently I am being told 75% LTV is as high as I can go. Thanks so much.

Really great and interesting info.  Thank you Chris and Jeremy!  I will keep everyone afloat on what I found out.

Hi everyone. My wife and I want to purchase a duplex with 5% down as a primary residence and live in one unit. We currently own a house we live in as our primary residence (which we would rent out) and another single family rental. I have been in contact with lenders and have been finding that the minimum downpayment for a 2 unit NON first time home buyer/owning other property is 15%. This cuts into my cash on cash return as opposed to only putting 5% down. I've looked at FHA, but the MI is high and stays with the property for the life of the loan putting me at a negative cash flow. Any ideas for a way to purchase with 5% down? Portfolio lenders? Thanks so much!

Thank you all for the helpful advice!!

I have found most management companies take 10% rent plus one half to one full months rent amount when filling a unit.  Considering a 12 unit with $1,000/month rent per unit.  Worst case scenario all tenants could leave after 1 year and once property management re-fills all units, there would be a charge of $12,000??  Or each time a unit is filled property management takes $500-$1,000?  If this is the correct, where do all of you investors account for this charge when running your numbers?  Thank you.