All Forum Posts by: Matthew Yrungaray

Thanks Johnny, that's what I was thinking. I wasn't sure though with the higher income if the % dropped down lower. Thanks

Terrell,

I assume that $283k is the auction starting price, might land much higher than that?

Do you have access to any apod data?

With a commercial loan, % down is much more. 20-25%.

Good luck

Matt

Thanks Bill and David. Using a LOI sounds like the best way to go through negotiations.

Is there a separate Utah state approved commercial real estate purchase agreement? Or do I use a residential one to make an offer. I cant seem to find one online. Help!

Thanks, Matt

thanks David, I was concerned about appreciation and cap rates adjusting over a 5 year term. it makes me nervous. If they move down, it would be more difficult refi

Thanks for the insight Ned

I'd love to hear about your colony conversion. Sounds like an amazing experience

Hello All,

I was wondering if anyone might direct me towards a resource that goes over how to structure and set up a seller carrying a portion of the purchase. The purchase will be a multi unit / apartments 30 unit. As long as the primary lender goes along with it, how does it work? what are the moving parts?

Thx

What is a typical rate for a 30 unit apartment complex for a property manager in SLC, Utah? Are rates similar to a SFR? Income is about $230K.

Any thoughts?