All Forum Posts by: Roshan K.

@Roshan K.

Your main point is that you do not want to buy these properties under your personal individual name, or name of your spouse or children either.

Otherwise, you can try for individual property - loans for each property - for 30 years fixed rate and terms. Very affordable cost effective finance.

As they are not occupied, the loan will be strictly based upon your personal incomes 

and 

on the liquid cash available of 25% minimum down, on this Investment purpose residential properties.

Only some banks limit up to 4. Others are up to 10 too. Local banks and Larger banks ?

If you are trying strictly for commercial, then it should be based only upon the rental incomes and expenses to justify the Debt Ratio above 1.25 to better at 1.50 and with 25% to 35% down payment for each property. 

Though they would like to ask you for your Credit Score, but it should be more based on the property's own income - once you can prove the rents. 

Some may take a little longer wait as they are vacant now.

Bridge loans - some of them Interest-Only - for short-term, like one year or little more, could be your better option, till you rent them and look for longer-term fixed-rate loans with proof of stable rental incomes.

Good Luck !

@Roshan K. - we can certainly help with a 30/30 term.  Minimum property value must be at least $75k.

Email:  [email protected]

www.SimsCapital.biz

@Roshan K.  I am sending you a pm

Have you asked a few banks? Honestly the best rates are going to come from a big bank most likely. I think US has good rates and some cool multifamily loan products I've heard.

Largest I own are some 5 units. They're great money makers. If you that I see around here is one you start going to stick and larger units the noi % starts to decrease rapidly because you get into a point that you're competing with hedge funds. The small investors don't like small apartments in the large investors don't like them either at least that's what I attribute My Success to with the ones that I have.

@Roshan K. If your looking for financeing in your personal name I have a guy that lends in a ton of states. As long as your LOAN amount will be over 70k. 1 to 4 unit investment properties. He digs in and closes loans. PM me and we can see if he can help you out.

Have you considered investing with a Syndication... better returns and no mess, no headache. I personally will not purchase a property to buy and hold unless I see a 15+% CoC return from day one and have 20%+ ARV in equity. Deals like this are still out there.

Best of Luck to you with whatever you decide.