All Forum Posts by: Omer Zulfiqar

I am putting together my team for real estate investing. I will be looking at multifamily apartments in Florida. I would appreciate any recommendations for a real estate attorney that I can add to my team. 

thanks

Non recourse lenders are still doing 70-75 percent LTV.

Hello

Previously non-recourse lending thru Small Balance Loans was starting at 750 K. My lender has now moved that up to 1 million. Is anyone aware of a non-recourse lender that is willing to start the loan on products of 750 K. So in this example the property would be a million dollars, with a 25 percent down payment and the 750 K being financed? 

thanks

Can I please get recommendations on books you have found helpful for apartment investing? Amazon has an abundance of material. Its hard to know which book is worth the time. I am trying to avoid something that's primarily hype and "why you should invest in real estate...its the best thing since sliced bread" feel to the book. I have the funds to buy apartment buildings, I am simply trying to make sure I don't have too big of a blind spot when I show up to make my first deal.

5 plus units 

tyler thank you for the reply. I see offers in the 5 year fixed/25 year amortization range. Since I am looking to pay off the property in 10 years, have you come across more favorable fixed duration terms from banks. I know fannie/freddie will offer longer duration of fixed terms but the loan size is not that large. 

Jake that makes me feel pretty good. I have discussed real estate lending with banks in the past but have not crossed paths with credit unions.  I should be able to create more leverage with lenders if I suggest that I can come back to them for future deals as well. Thank you for your reply.

Hello

I am interested in purchasing multifamily properties. I will be putting down 25 percent, expect the loan to be in the size of 500 K to 750 K. In addition I am planning on paying off the properties in 10 years or so. Any suggestions for lenders? With residential properties, Suntrust offered competitive rates. I am sure I will reach out to them and some of the other banks in the area for commercial options. 

Thank you

If you know of any investor friendly real estate agents in the following states, please let me know. Thank you 

North Carolina 

Florida

Hello 

I am trying to find a reputable attorney to assist me with asset protection for my future investment properties. I am not restricted to a particular state for my investments. Appreciate any input.