All Forum Posts by: Rafaella Almeida

How do you find a company that finances a sixplex?

I’ve called about 5 credit unions and all said they don’t give this type of loans.

Also called many online companies that say they give investors loan but than come to find out they only give for 1-4 units.

The ones that offer these types of loans will charge me too much since I wouldn’t be taking more than 600k.

Do you have any company that would finance an investment property that has 6 units and cost $400k? Plus makes a gross of $5,600 a month?

State: CT

Thank you in advance

I am going to an Auction tomorrow. I have collected and read all paperwork attached to the property under the Judicial Branch webpage plus received a title report from the attorneys office that they have to contact with questions.

What else do I need in order to minimize my risks in order to bid on the purchase?

I know there are liens on the house ( property, water, sewer, common charges)

I don’t know if I will pay attorney fees and court fees. The attorneys office told me the plaintiffs will pay for those but still not sure.

Would anyone have any inputs?

Thank you

@Russell Brazil just curious why Brazil? Is it really your last name?

@Jon Wylie at first I was scared of posting this question. But now I am so happy I did. So many helpful insights and also good advice not only for me but for many reading it.

@Jamie McCauley what’s the name of your YouTube channel?

@Jamie McCauley hi Jamie. Following your post about you 30k flip. Great job. How were you able to keep the costs so low? It seems not so much Reno was done.

@Nicole Heasley I agree Nicole. I would

Love to do it just for the experience. I really enjoy renovating and when my husband and I got along the the best when we were renovating our current house.

I think we make great partners in this business

@Dawn Simpson thank you Dawn for sharing your experience. Besides our mortgage we do not have any other debt. No credit cards, no college loans, no car payments.

We have some money put aside and just trying to see what makes sense.

@Odie Ayaga thank Odie. You are on point. It is business and everything has a cost. I like the fact I don’t put my house on the line.

@John Morgan that’s awesome John. I’m looking into a 140k short sale that needs work. Will try to negotiate a lower amount. Hope. An do more with the money!!