All Forum Posts by: Mil Sanghvi

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

@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.

@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 

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.

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. 

@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.

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

Any recommendations? PM me

COMPLETELY RENOVATED FROM TOP TO BOTTOM. 

NEW KITCHEN, NEW BATHROOM, NEW APPLIANCES. NEW HVAC

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Remodeled Condo is waiting for you! Ground unit and easy access to all public transportation.
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Washer and Dryer in Unit
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10 UNIT REHABBED MULTIFAMILY 10+% CAP RATE UNDER 50K PER DOOR

Top Hat Rentals Phenix City AL 36867 (Walking distance from Uptown Columbus, GA)

4 - One Bed Units Market Rent = 525/Month

6 - Two Bed One Bath Units Market Rent = 625/Month

Few tenants have resided for over a decade!!! Yes!!

Rent increase opportunity!!

PRICE: 449000

CAP RATE 10+%

CASH ON CASH 24%

Take advantage of this booming military town with increase in population.

Expense Date and Calculation

Email Me Here

Outside Pictures

Unit 1

Unit 3

Unit 4

Unit 5

Unit 6

1420A

Please email me at [email protected]

-Mil

404-704-2643

10 UNIT REHABBED MULTIFAMILY 10+% CAP RATE UNDER 50K PER DOOR

Top Hat Rentals Phenix City AL 36867

4 - One Bed Units Market Rent = 525/Month

6 - Two Bed One Bath Units Market Rent = 625/Month

Few tenants have resided for over a decade!!! Yes!!

Rent increase opportunity!!

PRICE: 449000

CAP RATE 10+%

CASH ON CASH 24%

Take advantage of this booming mil

itary town with increase in population.

Expense Date and Calculation

Email Me Here

Please email me at [email protected]

-Mil