All Forum Posts by: Lior Shaashoua

yes

Hello, I just got an signed contract for 830K Multifamily.

I would like to know how (and if) I get get an asset base mortgage on that property.

Down payment- up to 35-40%.

I am forigen with no SSN.

THANKS

Thanks, for all the replys :)

This deal that I got an contract on, our strategy we goes like that-

will buy it and hold it for 1 or 2 years. after the property will make the target cash flow that we want, we will sale it to new company that we and our investors in our country will open. we will hold it for 4-5 years, and then sale it.

So we will need 2 loans,

1. to buy it and hold it for 1-2 years (probably hard money). as I wrote, within the 1-2 years we will sale to our new company, and we will return the first loan.

2. then we will need the secound loan for 4-5 years, until the sale, (our last sale regarding this property).

As I mentioned, we did that, we have expireance in small multifamilies (up to 20 units), but its was all cash purchases, so we dont know much about financing.

Please let me know, if we can get financing at that strategy. remember that we dont have SSN or C.S.

what rates should we expect?

We have less then 20 days D.D AND The closing of this deal is at the 01.30.15, can it work within that time?

Thanks a lot

Hello,

We (me and my partners) just got an contract on a 40 unit multifamily in Atlanta area.

The purchase price-599K, rehab est 100K, closing at the 01.30.14

We will provide rent rolls and the rehab estimats.

I am looking for finance options for it.

We are investors from outside of the US, that means that we dont have SSN or credit score.

Until now we allways purchase with cash money.

Please let me know what my options are?

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