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All Forum Posts by: James Conaway

James Conaway has started 29 posts and replied 79 times.

Beware of anyone claiming you can make $100k a month at anything...
Why take the risk to be a nice guy? You are a business whose goal is making money. If you have an option to rent to someone who has a clear history, accept them first.
Have your PM send you a video walk through of the unit at some interval you are comfortable with.

Post: Financing a apartment deal?

James ConawayPosted
  • Phoenix, AZ
  • Posts 82
  • Votes 49

Yes, it would be in Arizona. Phoenix metro area.

Post: Financing a apartment deal?

James ConawayPosted
  • Phoenix, AZ
  • Posts 82
  • Votes 49

So 30 year fixed isn't an option?

Post: Financing a apartment deal?

James ConawayPosted
  • Phoenix, AZ
  • Posts 82
  • Votes 49

I own multiple properties including a 4plex, I am very familiar with residential financing requirements. I am exploring the requirements for purchasing a apartment complex 25+ units. 

Can anyone outline the typical requirements from a commercial lender or finance a purchase? How different is it from residential financing? (down payment, qualification process, etc...)

Are there any recommended commercial property financing companies I could start talking with?

So a tenant abusing an animal is funny to you?

Post: 100+ unit apartment owners

James ConawayPosted
  • Phoenix, AZ
  • Posts 82
  • Votes 49
Dennis Tierney how do you own properties in a Roth SDIRA?

@Account Closed

Who do you use for your insurance?

What's your justification for going with a $5k deductible?

@Minh Le Who do you use for your insurance?

What's your justification for going with a $5k deductible?