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All Forum Posts by: Michael Putman

Michael Putman has started 3 posts and replied 5 times.

Classifieds

Post: Civil Plans for Boat and Rv Storage

Michael PutmanPosted
  • Contractor
  • Florida
  • Posts 6
  • Votes 2

Hi can anyone recommend a company that can do a boat & rv lot plans in pensacola fl?

0 Votes
Tallahassee, Florida
Private Lending & Conventional Mortgage Advice

Post: Refinance Multifamily Properties

Michael PutmanPosted
  • Contractor
  • Florida
  • Posts 6
  • Votes 2

Hi I'm looking to refinance two Multifamily properties that have been repositioned. Im curious which lender provides the best terms for a refinance? Im looking for 80% LTV and 25+ years amortization.

0 Votes
Miami, Florida
Multi-Family and Apartment Investing

Post: Financing a Syndication Deal

Michael PutmanPosted
  • Contractor
  • Florida
  • Posts 6
  • Votes 2

@Kay Kay Singh what’s a KP stand for?

0 Votes
Multi-Family and Apartment Investing

Post: Financing a Syndication Deal

Michael PutmanPosted
  • Contractor
  • Florida
  • Posts 6
  • Votes 2

@Shelon Hutchinson thank you!!

0 Votes
Multi-Family and Apartment Investing

Post: Financing a Syndication Deal

Michael PutmanPosted
  • Contractor
  • Florida
  • Posts 6
  • Votes 2

Looking for advice...

I found a great deal and a partner who is willing to fund the down payment and apply for the mortgage of a 30 unit complex.

However, if I create an LLC and place the property underneath it will both owners have to apply for the mortgage loan?

My credit is not that good so how can I receive a % of the property without have to go through the mortgage process on my end?

My responsibility will hire the contractors, oversee the property manager, as well as stabilize via rent increase.

Any advice how I should structure this deal as well? How much stake should I get of the asset as well as after the refinancing?

0 Votes