All Forum Posts by: Dylan Domingue

I am working on purchasing my second investment property Multi. It is going to be a 3 Unit that I have found Off Market. Could someone please point me into the direction of where I could find information on how to make this happen. Any books or podcasts going through this process??? Lets just say I already have found the property and owner has agreed to sell it to me. Where do I go next? Appraisal? Real Estate Attorney? Trying to do this without the help of real estate agent but will get one if needed. 

Thanks in advance!! 

appraised for 565K. got a bank to give me 75% LTV so my cash out was 94K. I owed 320K before the refi.

All 4 Units are 2 bedrooms 1 Bath. both 1st floor units are remodeled and going for 1300 Monthly. Top units going for 1200 and 900 (older). Just completed cash out refinance and got all my money back I had originally put into the deal to fix the units up. Now onto the next!! Have 400K into building and appraised for 565K. Cash Out refi at 75% LTV.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $330,000
Cash invested: $80,000

Purchased this 4 Unit Off Market. Remodeled 3 of the 4 units. All New Wiring, Plumbing, appliances, Countertops, Kitchen Cabinets, Bathroom Ceramic Tile.

I am looking for some insight on how to tackle an off market deal. I have a 22 Unit Motel that the owners are "sick" of an I am looking to go at them to see if they are interested in selling the property. They are older and tired of the up keep. If anyone would be willing to mentor me/ give me there input through this process I would greatly appreciate it. I currently own a 4 unit building that is doing very well and my family is involved with a commercial flooring company. How exactly do I go at them to convince them to sell/go owner financed? Structure of the deal? Thanks

I would highly suggest purchasing a duplex to live in and you could use FHA loan. Live in the duplex for a couple years for "free" while your tenant pays the mortgage. Then try and jump right into the bigger multi's that could pay for yours house mortgage!