All Forum Posts by: Mil Sanghvi

Mil Sanghvi has started 16 posts and replied 51 times.

I checked with local credit unions and community banks. Their rates are usually Prime + 1% because because that's not their main focus.

0 Votes

Atlanta, Georgia

@Sabir Foux

I would recommend starting with a commercial property. (non multi family). Commercial is much easier to work with in terms of tenants, banks, raising capital etc. In addition, the leases are very long term (10+ years) and they are triple net (NNN) so landlord expenses are paid by the tenants. The head aches and tenant issues are 95% eliminated compared to multi family residential tenants.

0 Votes

Atlanta, Georgia

@Lily W.

@Dominic Mazzarella

Lily, I have multiple CBD tenants. It is usually the businesses that are held liable. If there are any issues, the local city/county will not be issuing the tenant a business license to begin with.

Please make sure the lease is NNN (triple net) to cover all your costs. I would recommend getting a minimum of 10k in security deposit which is typical in addition to signing a long term lease. 3+3+3+3+3 = 15 years. It will make the lender happy.

-Mil

0 Votes

Hi,

Can anyone recommend any banks and credit unions to take out a HELOC on primary residence and possibly a rental property? Georgia

I'm looking for the best rates and terms at this point. So far, I have received Prime minus 0.5% 85%LTV. Bank pays 1600 in closing costs on a ten year term, then 20 year amortization.

Perfect Credit, High Income.

Please reach out to me or DM me.

1 Vote

Atlanta, Georgia

Hi,

Can anyone recommend any banks and credit unions to take out a HELOC on primary residence and possibly a rental property? Georgia

I'm looking for the best rates and terms at this point. So far, I have received Prime minus 0.5% 85%LTV. Bank pays 1600 in closing costs on a ten year term, then 20 year amortization.

Perfect Credit, High Income.

Please reach out to me or DM me.

1 Vote

Atlanta, Georgia

@Mary M.@John K.@Robert Wagner

This was 4 years ago. I did fill a support tickets and went through with that process to no avail. I ended getting a Buildium Property Management software. You can list through Buildium and it will syndicate with Trulia, Zillow, Hotpads and many more site. Everything is controlled within Buildium including listings, payments, reports etc.

0 Votes

Looking for a general contractor in the Atlanta Georgia area for kitchen/bathroom windows rehab.

Any recommendations? PM me

0 Votes

COMPLETELY RENOVATED FROM TOP TO BOTTOM.

NEW KITCHEN, NEW BATHROOM, NEW APPLIANCES. NEW HVAC

INVESTORS WELCOME!!!

WHY RENT WHEN YOU CAN OWN???

Remodeled Condo is waiting for you! Ground unit and easy access to all public transportation.
Just move in your furniture!
HOA INCLUDES WATER, SEWER, TRASH, GAS HEAT

Location, Location, Location.
Beautiful kitchen with AMAZING Back Splash
BRAND NEW Appliances.
BRAND NEW Hardwood Floors
FRESH Paint
NEW Light Fixtures
Washer and Dryer in Unit
Outside porch.
Two bedrooms and two full bathrooms.
Must see to appreciate.
Just a few minutes to I-285 and Hwy 78. 1.5 miles to Northlake Mall. Public Transportation A must see.

CALL or TEXT TODAY!
404-704-2643

[email protected]

0 Votes