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All Forum Posts by: Patrick Rowe

Patrick Rowe has started 33 posts and replied 132 times.

Post: Just closed second multifamily deal

Patrick Rowe
Posted
  • Investor
  • Baton Rouge, LA
  • Posts 133
  • Votes 13

Ok thanks, I currently have 5 SFR's and a 8 plex under contract to close at the end of this month. I would like to setup a meeting and see if we could share our resources.

Post: Just closed second multifamily deal

Patrick Rowe
Posted
  • Investor
  • Baton Rouge, LA
  • Posts 133
  • Votes 13
@Nathan McBride Congratulations Nathan I’m in the Baton Rouge, La area. What area did you buy in?

Post: I have a question about analyzing a 8 plex

Patrick Rowe
Posted
  • Investor
  • Baton Rouge, LA
  • Posts 133
  • Votes 13

@Elise Hazzard thanks 

Post: I have a question about analyzing a 8 plex

Patrick Rowe
Posted
  • Investor
  • Baton Rouge, LA
  • Posts 133
  • Votes 13

Thanks Robert I've been doing pretty good, how about yourself?

Post: I have a question about analyzing a 8 plex

Patrick Rowe
Posted
  • Investor
  • Baton Rouge, LA
  • Posts 133
  • Votes 13
I have 2 4 plexes under contract and both buildings have the same address. Do I value them based off the Income or Sales comp? The 4 plexes are set up like townhomes. The agent said the unIts can be sold individually as well.

Post: Single Family rentals

Patrick Rowe
Posted
  • Investor
  • Baton Rouge, LA
  • Posts 133
  • Votes 13
I currently owns 4 Sfr’s and I’m looking to scale ASAP. I got a call from a Investor looking to sell 15 sfr’s. I typically shoot for 20% minuim in equity on my rental properties. I would like to get some feedback from some of the experience investors that’s bought properties from other investors.

Post: New Property & Lots of Cash Flow

Patrick Rowe
Posted
  • Investor
  • Baton Rouge, LA
  • Posts 133
  • Votes 13

Buy another one Lol 

Post: Commercial Loans Vs Conventional Loans

Patrick Rowe
Posted
  • Investor
  • Baton Rouge, LA
  • Posts 133
  • Votes 13

@Omar Khan - Ok thanks, on all the properties I have $500,000 liability Coverage and $5000 medical

Post: Commercial Loans Vs Conventional Loans

Patrick Rowe
Posted
  • Investor
  • Baton Rouge, LA
  • Posts 133
  • Votes 13

@John Warren my only concern is I have to put them in my personal name and risk personal liability 

Post: Commercial Loans Vs Conventional Loans

Patrick Rowe
Posted
  • Investor
  • Baton Rouge, LA
  • Posts 133
  • Votes 13

@Omar Khan I bought all the properties using a rehab loan from the bank using 20 year amortization 5year arm. The only concern  I have with conventional is I have to put them in my personal name and debt to income.