All Forum Posts by: Jennifer C.

@Jonathan Makovsky,

Thanks again for the advice Jon!

@Jonathan Makovsky,

Thanks Jon! As a new investor, and after learning all types of "deal" definition, the current market made me feel that either what I learned are outdated or I need to dig real hard or wait patiently till down turn to get the deals. Not sure this was also the case back in 2007-2008...  

I see ~~ Thank you so much! 

I have been looking at Multi-Family on Realtors or MLS, and found out a lot of properties that pending sale doesn't even have 1% rent/sales... I checked the rents within neighborhood and didn't really see much more room for the rents to go. This is the case for both Dup/Tri/Qua vs 10+ units. I thought the more units, the higher net income... Is it because the market is too crazy or I miss some factors? What are the typical cap rate range nowadays for those small multi? Just to get my mindset adjusted...

Thanks!  

Hi, 

Thanks in advance for any reply and/or help! This is my first post at BP so please feel free to redirect me if any other forum is more suitable. I am a newbie investor from Texas. Currently we have 2 SFH rented out and are looking for buying a Multi, ideally 10 units or above. I heard people talking about all kinds of financing - HELOC, portfolio lender... so when should I talk to the bank about the HELOC or portfolio lendor, before or after I have a deal on hand? If a portfolio lender, does it mean they can combine all my existing mortgage and the amount I need for the new deal? The bank I apply for the HELOC, does it have to be my existing mortgage or saving account bank?

Thanks again!

- Jen