All Forum Posts by: Fola Babatunde

Has anyone been able to find private lending to help with down payment for a multifamily property? It seems like conventional commercial lending is usually 70% loan to value.

I am a real estate agent in Tacoma and I am looking to connect with other investors on larger multifamily investment properties. Market is very competitive right now and would like to team up with others to buy a larger property where the competition may be a little less. Would love to talk to others who are interested in the same or have recommendations on how to get started.

@Stephen 

@Stephen Brown I'll definitely try that!

@Darryl Matthews Thank you. I'll have to look into the Biggerpockets book on syndication.

@Stephen Brown How would you recommend connecting with people on Biggerpockets?

I am interested in getting into commercial real estate (larger multifamily) as it seems like there may be less competition than <5 unit properties. Unfortunately, they are well outside of my price range. Has anyone had success finding a partner? How have you found partners?

@Charles Carillo These are excellent questions and I was able to do a due diligence and it does not seem like this is a property I want to pursue at this time. Thank you for the advice!

@Charles 

@Charles Kao Thank you for the response. A correction to my earlier post was that I was interested in a commercial property in a small town (2000 people). Unfortunately, the population is steadily declining over the last 10 years and I am worried that it will continue to decline. I was also thinking about offices in a busy city, but I am worried that offices won't come back. May this may not be a good time to try to enter commercial. There seems to be a lot of uncertainty right now.

I am interested in getting into commercial real estate, but what are

your thoughts with COVID-19 restrictions? I have a small strip mall in a

small town with a bank and grocery store. Do you think this will

survive economic ups and downs in the years to come?

I am interested in getting into commercial real estate, but what are your thoughts with COVID-19 restrictions? I have a small strip mall in a small town with a bank and grocery store. Do you think this will survive economic ups and downs in the years to come?

Need a contractor for a commercial rehab in Witchita, KS. Does anyone know of good contractors? It is a large project on an old building - 1920s. I don't have a large budget.