All Forum Posts by: Gary E. London

 Yes John you've described the structure that I'm looking for. I will follow up on your lead. And I want to thank everyone else for their suggestions also. I will check out all the options that have been mentioned. 

Happy Investing,

Gary

There seem to be numerous real estate investor website templates for single family home buying/selling. Including attached squeeze pages. But does anyone know of any templates for multifamily investing? This would include squeeze pages that would attract sellers/buyers/investors. Just from researching the web it seems that I may need to think about making an investment and hiring someone to develop a custom website. Any guidance would be appreciated.

Hi John,

Welcome to BP! I'm not a mortgage guy but just in general if the property has below a stabilized occupancy of 85% most lenders will not provide financing which means you would probably need a hard money loan with higher rates than conventional loans. There are a multitude of HML's and formats so maybe a mortgage lender will weigh in here and help you out. Since you do not own a home you may look at buying a two to four unit and living in one of the apartments. This way you could qualify for a homeowner financing program which I'm sure has some very good rates at this time. Hope this helped a little.

Best Wishes,

Gary

Antonio,

Great products! Do you have a referral to someone who may be offering the same construction loan product in Illinois?

Rafael,

I'm interested in getting additional information on this deal. 

Thanks

Welcome to BP! Since you're in the Chicago area in case you're looking for an investment club/group check this association out. Quality group and great information every month.

https://www.ccia-info.com/home.html

Hi Phillip,

Welcome aboard! Great place to absorb and learn. There is a ton of knowledge to be gained. So read and ask questions and you'll be on your way to making some initial investments. Here's a great place to start to begin meeting people and networking. There are meetings held every month. I highly urge you to check them out.

https://www.ccia-info.com/

Without doing the math your expenses for a building that size should be in the general range of 45% - 50% of your GOI (Gross Operating Income). If they are below or above that range it doesn't kill the deal it just means you have to ask some questions of the broker or seller.

Not sure if this is a duplicate reference but I'm a member here. It's a great organization with tons of contacts and knowledge.

https://www.ccia-info.com/

Hi Luke,

I don't have a referral for you but just wanted to welcome you to BP. It's a very exciting place to hang out. I marvel when I see some of the members with 5000 posts. I love the opportunity to gain the knowledge and wisdom that's made available. Sounds like you have a good project you're working on. I wish you the best and happy investing!