All Forum Posts by: Eric Kristt

Hello everyone, question. Where do investors typically go (both novice and experienced) to secure financing for an investment property(residential)? Banks, morgage companies and hard lenders are the obvious, but are there companies outside those businesses that investors use? I live in Orlando and work with a private hard lender company and am trying to network and establish some relationships with the more common institutes that borrowers go to... Thank you for the help! Eric

Hello everyone, question. Where do investors typically go (both novice and experienced) to secure financing for an investment property? Banks, morgage companies and hard lenders are the obvious, but are there companies specially or anything outside those business that investors use? I live in Orlando. Thank you for the help. Eric

Frank, the question about zoning was not can I increase rents bc it’s zoned differently. The question was can zoning the property as commercial help to increase the total value of the house at the time of selling....?

Mike, that’s what I’m saying.... they used comparables to generate its value. But I think if you used the noi/cap it would have been valued much higher. My question though is can I purchase it as a residential (valued by comparables), then in 5 years sell it as commercial and use my ROI to value the property and market it with a higher value? Maybe I could rezone it....

But is the increase in property tax and garbage worth the increase in value by zoning it commercial? I’m looking at the property thinking if I can raise the rents, improve the property with some basic rehab and make it commercial it would be worth a lot more at the time of selling? Is that correct thinking?

I think it was zoned as residential but I’m not 100% sure. It is a house, just very large and split into 5 units. Does that matter though? Could I buy it as a residential and then zone it as commercial afterwards? Maybe that would be a great was to make money if they are just making a classification mistake...?

So, I’m looking at a large house in my local area that has 5 units with 5 separate electricity meters. The MLS is marketing it as a multifamily residential property and was valued based on comparable homes. I was curious if banks or loan companies would still consider this residential, since its technically has 5 units? And if not, is it possible or beneficial to convert the house into a commercial property so I could raise the NOI and increase it’s overall value? Please help! Thank you

So, I’m looking at a large house in my local area that has 5 units with 5 separate electricity meters. The MLS is marketing it as a multifamily residential property and was valued based on comparable homes. I was curious if banks or loan companies would still consider this residential, since its technically has 5 units? And if not, is it possible or beneficial to convert the house into a commercial property so I could raise the NOI and increase it’s overall value? Please help! Thank you

So, I’m looking for a city to move to and build my real estate portfolio. My strategy is to house hack a multi family and then either continue buying multi’s and hold or move into commercial apartment buildings. I took a trip to Dallas recently as a potential landing spot and I noticed that they were literally building huge residential complexes everywhere! Normally this would indicate huge population growth but I worry that I already missed the boat. I know you cannot predict the market, but does anymore from Dallas feel that maybe I should start in a less competitive or developed city? Or my real question, is it a good thing or a bad thing for a new small fish investor to start his portfolio in a city that I currently building many many massive residential complexes that all look affordable and nice...?

So, I’m looking for a city to move to and build my real estate portfolio. My strategy is to house hack a multi family and then either continue buying multi’s and hold or move into commercial apartment buildings. I took s trip to Dallas recently as a potential landing spot and I noticed they would literally building huge residential complexes everywhere! Normally this would indicate huge population growth but I worry that I already missed the boat. I know you cannot predict the market, but does anymore from Dallas feel that maybe I should start in a less competitive or developed? Or my real question, is it a good thing or a bad thing for a new small fish investor to start his portfolio in a city that I currently building many many massive residential complexes that all look affordable and nice...?