All Forum Posts by: Christopher Brown

You can look into getting the seller to finance in second position and  possibly put 10% down on a commercial loan. 

I know of no 10% Down DSCR loans. The lowest we have are at 15% down, but getting a property to cash flow with interest, tax, and insurance rates as high as they are is tough right now. It's also more expensive the less you put down. Most savvy investors are putting 25% or more down to get the properties to cash flow positively right now, but to answer your question. No, I know of no legit institutional DSCR lenders with only 10% down.

 Chris, would you be open minded to looking at Small Multifamily? At 200k+ you can find that here. 6-8 units would be a little higher than 200k. Let me know if you would be open minded to that?

 We will welcome you to Florida. This is my Sunday mornin (my actual view at this very moment)...something I get to do all winter long. Hang out by the water and answer stuff on Bigger Pockets...

What area are you looking in? You might have to broaden your scope as you get close to your deadline. With much higher insurance and interest rates, most savvy investors are having to put a lot more down on the properties to get them to positively cash flow. You might have to consider fewer doors to make the numbers work. At least that's what we're seeing both as an investor and a lender. 

Hello Christopher

It's great to see you back on BiggerPockets, and I'm excited to help you navigate this 1031 exchange journey. With your budget and desire for a cash-flowing 6-8 unit property, there are certainly promising opportunities out there. Here are a few avenues we can explore:

1. City-Specific Analysis: Depending on your preferences, we can focus on specific cities in Ohio known for robust multi-family markets. Areas like Columbus, and Cincinnati have shown promise for cash-flowing properties.
2. Off-Market Opportunities: I have access to a network of real estate professionals and may come across off-market listings that align with your criteria. These can often be hidden gems.
3. Market Research and Due Diligence: I'll conduct thorough market research to identify neighborhoods with strong rental demand, potential for appreciation, and a history of positive cash flow.
4. Connect with Local Agents: I'll reach out to my network of local agents to inquire about upcoming listings or potential opportunities that fit your criteria.
5. Creative Financing Options: We can explore various financing options to maximize your investment potential and leverage your budget effectively.
6. Negotiation Expertise: My experience in negotiations can help secure a property at a competitive price, ensuring you get the most value for your investment.

Let's have a more detailed discussion about your preferences, goals, and timeline. Your satisfaction and success are my top priorities, and I'm dedicated to helping you find the perfect property within your 1031 exchange window.

Please feel free to reach out via message or reply to this thread. I look forward to working together on this exciting venture.