All Forum Posts by: Junior Shay

Hello. To my understanding you can only get 1-4 unit loans under your name. What if you want to go bigger? Let’s say 20 unit. I would need a commercial loan for that correct? And if the only way to get commercial loan is under established  business entity? 

To invest jointly. 2 credit scores, 2 minds, 2 sources of income. More opportunities 

Hello fellow investors. I’m located in upstate New York and currently closing on a fourplex our of state which is my first investment property. I’m currently looking for anyone that might be interested to pursue real estate journey as a partner/partners or possible business entity. I’m trying to dive In this industry as a full time but as a single investor it’s not as easy as it sounds. If anyone might be interested feel free to reach out and we can arrange a zoom call and get something going. 

Thank you! 

Hello,

planning on purchasing multi family property (2-4) units soon but not sure if I have to keep property management company?! Is that something I can cancel after purchase or i have to keep it?  If I don’t keep it is there a fee? Because technically most of the time tenants are found through management company so I’m not sure how it works. 

I was thinking to evict if they disagree to pay the rent. It’s a 3 unit and they are not metered separately that’s why I was thinking to raise the rent to cover up utilities. What do you mean to use turn over? Sorry I’m new to this 

Hello everyone, I’m finally under contract for multiplex property in Texas. Current tenants do not have any contracts and they paying month-to-month. I was thinking to make them sign month-to-month lease at higher price or long term at around the same the currently paying. Also was thinking for them to pay for utilities. How could that be done? Can I use a template or should I speak with an attorney to do so? And am I allow to do that as a new owner of a property? Also what if they do not want to sign it am I allowed to evict them? 

Thank you in advance 

 I’m quite confused. 

But there are properties that can be purchased with commercial loan when they are people living in it am I correct? Like big apartment units?

Hello. So I was looking at one of the mobile home parks in and realtor told me it has to be hard money loan or cash since it’s private property. I’m little confused. I can’t buy private property with a loan? If not then why so? Isn’t your home that you are selling is private property and people that buy it use loan? That mobile home is not full mobile home park it’s just they selling certain amount of units. Can someone explain please? 

Hello everyone. So I’m looking for a few properties but I’m having issues with finding official city or zip code statistics. I know census provides some what with population, but where do you find crime rates, employment, income and other stuff in the specific area? 

Thank you in advance