All Forum Posts by: Nathan Wierzgac

@John Underwood good call. Thank you.

@Patricia Taveras awesome thank you! I actually operate out of Raleigh so not too far. I’ll give that a try and call some of the municipality’s in the markets I’m interested in.

@Bruce Woodruff thanks for the quick response and advice. Much appreciated!

I've recently put under contract a property in Fayetteville, NC that was turned from a quadraplex into an 8-unit. I'm aware now that the ARV is going to be based off my markets cap rate and NOI but since there is no track record of previous income as an 8-plex how would that play an effect on the ARV or acquiring a commercial cash out refinance loan?

What is the seasoning period needed to show NOI for the cash out refinance for a commercial property??

I’ve recently started researching markets for my first Airbnb property and I’ve come across a lot of cities/counties that do not allow short term rentals. Yet, when I look at Airbnb there are operational Airbnb’s in those markets… are they operating illegally or is there a way around the regulations??

Also there can be conflicting answers when googling the str regulations in cities, what is the best way to get a concise answer? Again I am new to STR's and any advice would help, thank you.

This may be a dumb question, but if a seller asks me how fast I can close (potential wholesale deal), what is a good time frame to be competitive? Thanks.

I am just starting out in my real estate investment career and have come across what appears to be a solid deal. I’ve run the numbers a few times different ways accounting for the worst possible scenarios and still has a lot of potential. The property is a Duplex that has 3bd/3ba in each unit. I can probably get the property for $210-220k but I don’t have the money for that type of down payment or budget for rehab. I’m looking at about roughly $95k in cash needed (20% down plus rehab costs).

What are my options in getting this financed/funded? Thanks for the help!