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All Forum Posts by: Cin Khai

Cin Khai has started 8 posts and replied 35 times.

Post: My First BRRRR Complete!

Cin KhaiPosted
  • New York City, NY
  • Posts 47
  • Votes 12

@Jake Garrity

Great job well done and thanks for sharing. Did you mean you purchased under your name and refinance into an LLC ? If so, would you mind sharing information of your refinance lender? Thanks

Post: Commercial realtor fees

Cin KhaiPosted
  • New York City, NY
  • Posts 47
  • Votes 12
Originally posted by @David M.:

@Cin Khai

If you buy it under your personal name instead of an entity like a LLC it would be a residential mortgage. However, I think the ltv requirements for them are higher, say 20%, because it's a multi family.

I’ve never done a multi family transaction so not really sure of other financing options

Thanks alot for all the answers. 

Post: Commercial realtor fees

Cin KhaiPosted
  • New York City, NY
  • Posts 47
  • Votes 12
Originally posted by @David M.:

@Cin Khai

1-4 family residences should be residential across the country.  So, that is just 3 residential properties....

Thanks. So that would be residential mortgage right? What other options would one have for these kinds of deals? 

Post: Commercial realtor fees

Cin KhaiPosted
  • New York City, NY
  • Posts 47
  • Votes 12

Thank you everyone for your inputs. If a deal consist of, for example, 3 fourplexes, would that be commercial or residential ? Thanks

Post: Commercial realtor fees

Cin KhaiPosted
  • New York City, NY
  • Posts 47
  • Votes 12

@David M.

Thanks for the great answer. Do apartments buyers typically work with commercial realtor or they deal directly with listing broker if it’s listed by broker? Thanks

Post: Commercial realtor fees

Cin KhaiPosted
  • New York City, NY
  • Posts 47
  • Votes 12

Hello BPers. I recently closed on a duplex (my first property ever bought) and still learning the ropes. I'm looking at apartments too for my next target and since I don't have much experience and knowledge I'm wondering how much value can I get from commercial realtors.

How do commercial realtor get paid? Do they get paid just like residential realtor 3% if representing buyer side? What are the difference in roles between residential and commercial realtor? How do I choose commercial realtor? Will they help with due diligence and getting documents from seller/broker, etc? Thanks.

Post: Equity partner on a flip

Cin KhaiPosted
  • New York City, NY
  • Posts 47
  • Votes 12

@Tanvir Sattar

Thanks. What if I partner with a realtor/GC who would do all the works like sourcing deals, rehabbing, and selling? What would be the structure like for cash investment and % equity? Thanks

Post: Equity partner on a flip

Cin KhaiPosted
  • New York City, NY
  • Posts 47
  • Votes 12

What are the things that I need to know or experience I need to have before going in a JV with a GC also an agent on a fix and flip? I'm currently looking at this route and would love to learn what to expect from the GC partner including operating agreement, pricing, timeline vs money schedules etc anything. Thanks in advance.

Post: Real estate attorney in Cleveland OH

Cin KhaiPosted
  • New York City, NY
  • Posts 47
  • Votes 12

@Carl Fischer Thank you.

@Michael Hooper Thanks for sharing all the details which really helps new people like me. Do you mind if I connect and PM you? Thanks.