All Forum Posts by: Richard Naimy

If you go with the Hardwood I have heard you can advertise the units as  hypoallergenic. 

First off congrats! Woot-woot!!! 

Unfortunately, I’m am just getting into the game myself. Your scuesses is inspiring... I’ll keep digging for the right deal.

Keep us posted on how it goes! 

Sorry I could not be more helpful, once again congrats on your first purchase!!!

@Todd Dexheimer thanks for sharing the two great articles, exactly what I was looking for. 

I appreciate your help and support. 

Hello @Account Closed I am looking at MF quads. 

My goals is leverage MF buy and hold strategy to achieve my goals too. My plan is to start small quads and go bigger as I build my experience, cash flow and equity. 

I just thought it weird that I have had two similar conversions with two different agents in two different market in the last three days. I am in the Market research phase trying to find the right growth market that I want to invest in?

To to recommendations to research? 

Thanks

BP Community: What State/Cities are best for MF properties?

I have talked to several agents across multiple States and many of the Agents I talk to seem to be pushing me towards SFH? I hear a lot of MF's in this City or Neighborhood don't seem to work, if I were you I would get into SFHs.

Do you think this is because MF inventory is less than the SFH inventory in certain markets and therefore they are pushing towards a greater chance on SFH sale? 

Or should I listen to them and look for markets where MF deals make more sense? If that is the case...

What State/Cities are best for MF properties?

Thanks in advance! 

I am a newbie just starting out looking at several markets trying to decide what market I should start in as I live in Los Angeles, CA which is way to hot... NC or TX? Working on getting over my fear of investing out of state. Trying to be a sponge!

Thanks @Brian Garrett that is what I assumed, but you know what they say about ***-u-me-ing things. ;-) 

I appreciate your help and support in answering my question. 

Thanks,

Richard 

@Roman M. Thanks that is what I thought, but wanted to ask to be sure. 

I appreciate your help and time. 

-Richard 

Hello BP Community,

If I buy 2x 4-unit MF apartments what is that considered? Resendital loan or do I need a Commercial loan?

Thanks in advance!

Hello BP Community,

When purchasing am residential MF property out of state - Should I use a local lender in California or should I use an out of state lender in the area I am planing to buy in e.g North Carolina? 

Does it even matter? 

- Conventional Lender 20% Down, second property. 

Thanks in advance ;-)