All Forum Posts by: Levi F.

We (myself and one partner) invest in western PA. Our law team set us up an S corp to act as general partner in a limited partnership. It was expensive but they were confident and it works for our strategy. We own commercial and residential buildings. I do not see a benefit in a real estate license. We use an accounting firm, law team, a real estate agent, and a property manager. We are exclusively buy and hold for now. As far as the rest of your questions I am no help. I use this site for information and it is always helpful. Use what you learn here and what your team suggests to build a business thats right for you. My only suggestion would be to structure your foundation for growth. Do it right once.

good luck

Thanks again for all the input. It's exciting just learning this stuff. Knowing how the financing works allows me to prepare to purchase.

I now realize it is a completely different type of financing than single family homes. A fellow needs some serious cash to move into the multiplex game. Thanks for the insight.

What are the minimums I should set?
cap rate-?
ROI-?
I was thinking 15% on my money with only 10% down was good.

I only have cash for 10% down right now. I have not looked into financing yet as I am closing on a new primary home. Thanks for the advice.

I'll begin with "I love this forum"

I've been lurking a while and I think I have a winner. I'm currently renting 2 SFH's but this is a big scary 6-plex.

Here are the numbers

my max offer-360000
current rent-53520
current O&M- 26450
debt services with 10% down @ 5%-21000

talking with a local property manager, rents can go up 5+% in spring.
Is that financing even possible?

Thanks in advance