All Forum Posts by: Jacob Mees

Will this calculator in BP work for multi-units, or is it for SFH only?

I'm looking for a simple/straight-forward worksheet to use as I begin to analyze Buy & Hold deals. I just want to make sure I can grasp the concepts before I tackle Rentals on a regualr basis. Where can I find resources to help me analyze these deals?

I am very interested in acquiring a multi-family property but I have never done one before. What steps should I take to ensure I acquire a profitable property? 

David,

You could always look for an income-partner. Basically this would be someone that would partner with you on deals and you would use their "income" to back the loan. The banks would see 2 incomes to secure their payments and your partner would see a return on their involvement by being a part of the deal. 

The OTHER possibility would be to find a private investor to completely fund the deal. At that point you would use the property to secure their investment and give them a guaranteed rate of return. I.e. 10-12% APR.