All Forum Posts by: Cyprian Sadlon

Minor water damage concerns, Like splash from shower causing rot on bathroom vanity...That is the kind of damage that is already in the building when I bought.. I want to make decisions for reno that will avoid that... probably no vanity would be a wise choice, just floating wallmount sink. 

I am curious if anyone has experience with creating bathrooms and kitchens that are indestructible for student rentals.

I am looking for tips for products or thoughts 

If anyone knows of some kind of great material to reduce water damage etc.

I am reaching out to see if anyone on BP has had any personal experience with Managment companies in the area of Plymouth, Terryville, Watertown, Waterbury, Bristol Connecticut. I am looking to start off on the right foot with a good recommendation if anyone has one.

Thanks!

@Andy D.

Thanks a lot for info Andy.

Sorry if that first question seemed dumb. The main reason I had that idea in my head was from the podcasts. Many times over the podcasts people talk about multi family units with a traditional mortgage. I was assuming it was Fannie/freddy. I might have misunderstood what was being said.

Thanks for info though! it only helped narrow my search!

Hi BP,

I have been searching for deals and I am unclear on some financing issues I may run into.

Can you get a conventional mortgage on a 8-plex being bought by an LLC?

and second... How important is the purchase cap rate to lenders if the building cashflows?

Hi @Vincent Martin

I am currently looking for investments in the Dutchess County / Columbia County areas.

I could potentially be a cash investor depending on the property. Feel free to get in touch with me if you want to dig deeper.

That is really helpful thank you @Bonnie Staples

Hello BP,

I have my eye on a property in Dutchess County NY. I wanted to know the average cap rate for the area, would that be a question I could ask the real estate agent I am working with? Or is what I just said completely unintelligent... Compared to all my other research, comparing Cap rates is the one area which I feel I am lacking. 

@Rich Baer

Thank you for the advice! I appreciate it!

Hello BP,

I am building my team right now... and I am curious if anyone could guide me with this question.

Do I want a Attorney that is local to where I live? or do I need them to be local to where I am closing deals.

My attorney, that I used in the past is now deceased... He came to my closings with me... He was based in NYC and that is where I have closed before.. If I were closing 2 hours away.. would that mean he would need to travel? this is why I want to make sure I pick the right location for my attorney.