All Forum Posts by: Abdullah Al-mamoon

i have been talking to different funding group but they seem to have similar offers. How does one funding group differ? Is it that rates. I have had funding groups do regular mortgages along with offering private money for renovation type loans

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multifamily has been very disappointing to me along with the commercial market. the cash flow is worse than single family and the bigger syndicate deals seem like where the profit is. also the expense overhead is much more a risk where repair and upkeep of a multifamily unit vs a single family. I am still looking for a multifamily i am happy with. Really the ones i like are value add that are old and need total renovation

1 Vote

Oakland, California

That's a tough situation how did you resolve it?

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Tacoma, Washington

Quote from @Jimmy Lieu:

Quote from @Tilottama Bandopadhay:

Hello all,

First time posting here. We are not first time home buyers but have three single family homes ( rental) properties in California but want to buy our first apartment complex out of state for generating cash flow for the long term. We were thinking of buying in Columbus, OH, Indianapolis, IN and Salt Lake city. Atleast researched these cities till now. My questions are : (1) We are saving down payment of 25% for this - how much should we save for it? Can someone explain how the financing for apartment complexes work, is it similar to SFR mortgages? (2) Are there any property management companies that can help us buy, finance and manage the apartment complexes and where can I find them?

Completely new to this space any advice or recommendation is appreciated.

Depends on whether you're in residential (1-4 units) or commercial (5+ units) - typically you want to be at 20-25% down payment. I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

I am coming to check out ohio. The cash flow of the properties are tempting. What do you think about the condition of the homes? The weather conditions through out the year with these old homes and buildings. Are these needing more maintenance than other areas where there isn't so much rain and now. Are they built differently to account for the weather changes?

1 Vote

Did you end up buying something out of state ?

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what did you end up doing?

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San Francisco, California

What did you end up buying?

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San Francisco, California

really it takes 20k to setup a syndicate?

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Columbus, Ohio

Ryan you know any wholesalers or wholesale sites in California in struggling to find some

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Cincinnati, Ohio

Columbus I think is good

1 Vote

Akron, Ohio

All Forum Posts by: Abdullah Al-mamoon

Abdullah Al-mamoon has started 5 posts and replied 26 times.

Post: Apartment Complex Investment- Advice Needed

Post: [Calc Review] Help me analyze this deal

Post: How to fund massive unexpected repair

Post: Apartment Complex Investment- Advice Needed

Post: Apartment Complex Investment- Advice Needed

Post: Determining Profit Share for Spec Home - Risk vs Capital/Other Contribution

Post: invest multi-family home

Post: Ready To Get Started In Ohio!!

Post: Casting a net here for multifamily properties and local investors

Post: Good and Bad neighborhoods of Akron, OH