All Forum Posts by: Jodi Rhoades

Hello John We have a very active real estate group up her in Fairbanks. We meet once a month on Fridays at 6:00. Message me and I’ll tell you about our schedule. 

Great. We will be meeting next Friday. Why don’t you send me your email and I will give you all the info. I look forward to meeting you. 

I have been looking at multifamily units and wanted to know what is a good cap rate for multifamily units and what are some things I need to be careful about when I am analyzing these types of  properties.  

We have a group of investors that meet every other Friday for an investor meeting in Fairbanks.  When you get to town message me and I will give you all the information.

I am looking at putting money from my work 401 K into a real estate 401 K.  What are the advantages of doing this and does anyone know of a good provider

I am buying a 25 plex

Is it customary for private lenders not banks to ask you to provide your own credit history?  I have done several loans with banks and they always just pulled my credit. I am starting to work with a private lender and he has asked me to provide him my credit report.  I thought I would just ask this question just to get feedback before I sent him anything. 

We are looking into buying a property where the seller would help us with the downpayment.  In banking terms I think it is known as seller carry back 2nd.  Not all lenders are willing to have the downpayment financed. It is 30 plex  multi family  unit with good cash flow.  Has anyone worked with lenders that are willing to have part of the downpayment financed.

We are looking a by buying a 30 plex.  The return is very high, but we will need help coming up with the down. Do you have any suggestions on who would be willing to help with a bridge loan, or any other way to help out with the downpayment.

I have been looking at buying a 30 unit college apartment. Each unit is 3 bedrooms housing 6 college students for a total of 180 college students.  Has anyone looked at the advantage/disadvantage of buying an apartment building that caters just to college students?  What are the pros and cons vs a more traditional apartment complex.