All Forum Posts by: Phillip Batten

A family friend may be offering to sell their home to me at a below market price. Are there any financing options/strategies that could be available to me to reduce the overall interest costs given the recent rise in rates? I’m sure this family friend seller is locked in at a much lower rate than what’s available today on new loans. Is there any way to creatively leverage their loan to reduce the overall interest costs on a new loan for me?

Hello, 

I was wondering how you real estate investors determine the appropriate value for rental property repair reserves on single family homes, multi-family (i.e. duplex, triplex), and with small apartment complexes (5 units or more)? So how much money should be set aside for repairs given these different types of homes? Is there some standard formula that is used?