All Forum Posts by: Ken Naim

@Joseph Feldman unlikely unless you have significant personal assets or a great track record. Best look for a partner with capital and/or a track record.

@Khaled Seirafi it depends on the occupancy level. 1 vacant out of 25 (96%) almost all will, 1 out of 5, significantly fewer. It'll also depend of how much the property appraisers for and how much ltv you are looking for. With a vacancy your noi will be lower, so your appraisal will be lower, so less cash out even with the same ltv.

@Michael Keane 30k is small enough that a 0% credit card for 18 months could work if you have good credit.

@Moni Charles 100-200k/unit depending on condition and location. Costar will have the data, ask your commercial real estate agent

@Weston Whitaker it depends on the county,. Palm beach county has a doc stamp fee to record the mortgage at a rate of .70 per $100 or .7%. In other words.

@Sandro Tchikovani happy to help

@Sandro Tchikovani the principal and interest amount should be almost identical but some calculators add in insurance and taxes that can vary widely between different areas so the calculators rely on your input.

@Dilini Sundaram value add commercial real estate returns can be above 40%.

@Kristi Marie Meyer @kristi in my opinion sell the house. It was never intended as a rental, you have a lot going on right now, husband in school, kids in day care, move, personal home purchase. The last thing you need is the learning curve of real estate and the risk of a bad tenant, property managet or economic cycle.

Save the extra money, don't buy the bigger, better house, and when your husband is working and one kid is out of daycare the focus on real estate. Then you can choose if you want to be local or remote investors.

I'm a real estate investor for 25 years, and now have 2 kids, 3 and almost 2. It isn't easy even with experience, so while I typically advise to get started ASAP, in this case waiting could be the better option.

@Michelle Dong when you find a good deal, it is a good time to buy. There are always opportunities just have to work hard to find or create them. I live in Palm Beach County as well and it the population is growing with high income/net worth families moving from up north, pushing up the high end real estate and business values.

All the stimulus and inflationary pressures, minimum wage increase for example, will surely cause lower end real estate rents to increase over the next 5 years. There will likely be some bumps along the way but if you wait for the right time you'll never start.