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All Forum Posts by: Christian Morsing

Christian Morsing has started 5 posts and replied 12 times.

Post: Seller Finance and Jr Debt

Christian MorsingPosted
  • Rental Property Investor
  • Nashville, TN
  • Posts 14
  • Votes 3

Hey Guys,

I came across a $5mill MFH seller finance deal - 75%.

I would like to get 10-15% covered in some sort of Jr Debt.

What are common strategies used here?

I see a problem just with the lien being in 2nd position.

- Christian

Post: HUD Loan as refi option

Christian MorsingPosted
  • Rental Property Investor
  • Nashville, TN
  • Posts 14
  • Votes 3

Hey guys,

I'm looking to refi an MFH and was reading up on HUD loans.

Anybody in here who can jump on a call and see if we can make it work?

I have read up on the 3 categories and know the basics.

- Christian

Post: Where are the quality PMs?

Christian MorsingPosted
  • Rental Property Investor
  • Nashville, TN
  • Posts 14
  • Votes 3

I have 20 doors in Chattanooga, TN
Im using Doorby and they are doing a good job for me. 

DM me and I can give you more details if needed.

Post: Franchise Tax on Partnership LLC (K1s)

Christian MorsingPosted
  • Rental Property Investor
  • Nashville, TN
  • Posts 14
  • Votes 3

My partner and I are not related.

We own long term MFH properties.

I found FAE183. We have multiple Sec8 tenants and do offer this as an option for apartments.

Anyone familiar with this path for exemption ?

Post: Franchise Tax on Partnership LLC (K1s)

Christian MorsingPosted
  • Rental Property Investor
  • Nashville, TN
  • Posts 14
  • Votes 3

Thanks Allan.
What would be the trick to get around this - if any?
My partner and I are not blood-related.

Post: Franchise Tax on Partnership LLC (K1s)

Christian MorsingPosted
  • Rental Property Investor
  • Nashville, TN
  • Posts 14
  • Votes 3

Hey Guys,

I'm getting a Franchise tax based on the Property value of my Partnership LLC.

The company invests in MFH, but I assumed it would still be the $100 and not Property value-based.

Does anybody know why it's value-based and not just the $100?

Post: Water/sewer submetering for 7 unit MFH

Christian MorsingPosted
  • Rental Property Investor
  • Nashville, TN
  • Posts 14
  • Votes 3

I would like to see what it cost to submeter my water/sewer for a 7 unit MFH.

Its located in Chattanooga and currently have a single master line.

Are there any other options I should consider ?

Any idea of Cost for this ?

Post: What are your Cash in Cash requirements? B, C neighborhoods…

Christian MorsingPosted
  • Rental Property Investor
  • Nashville, TN
  • Posts 14
  • Votes 3

@Valerie K.

Let’s connect - I’ll ping you directly

Post: What are your Cash in Cash requirements? B, C neighborhoods…

Christian MorsingPosted
  • Rental Property Investor
  • Nashville, TN
  • Posts 14
  • Votes 3

Hi @Valerie K.

I invest in Chattanooga.

C-class and $200 per door.

I have a great PM that handles a-lot of work but that’s the path I have picked.

Post: Does property management requinire license?

Christian MorsingPosted
  • Rental Property Investor
  • Nashville, TN
  • Posts 14
  • Votes 3

@Sami Gren

Here is an online source that says Yes.

I was looking for the same question but in tennessee.

https://www.allpropertymanagement.com/resources/property-management-laws/new-jersey/