All Forum Posts by: SALIAH S.

Check out joe Fairless podcast, old capital podcast and multifamily investor podcast

@SALIAH S. As far as books for general commercial real estate knowledge, I cant think of one off the top of my head. I would suggest searching online. Check out this site here. It will give you some good insight on basic CRE terms:

https://www.commercialpropertyadvisors.com/7-commercial-real-estate-terms-you-should-know/

If your looking for something specific to apartments....Joe Fairless's book on Apartment syndication is really good. Breaks down from A to Z how to set up your syndication business. Here is the amazon link: 

https://www.amazon.com/Best-Ever-Apartment-Syndication-Book/dp/0997454326/ref=asc_df_0997454326/?tag=hyprod-20&linkCode=df0&hvadid=312025907421&hvpos=1o1&hvnetw=g&hvrand=17665817379216017142&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9007897&hvtargid=aud-799711277694:pla-598854978364&psc=1

All the best!

For smaller properties in class c space, your best bet for financing is with local banks who know the submarket.  Develop your business relationship with them as they can give you favorable terms the more experience you have with them.

@SALIAH S.

Financing for 6-8 units... start calling local banks and ask about their products for investment properties. Ask about how much you’ll need to put down, loan term (how long will they lend you the money), loan amortization schedule (usually 25 or 30 years), credit and income requirements, interest only options, and how they determine interest rates (usually index plus spread). They’ll also have insurance requirements and may escrow taxes and insurance like a home loan....

@SALIAH S. Congrats on starting your REI journey. Like others have said do as much reading and learning as possible. Do you know if you plan on partnering with people you know or doing a syndication?

@SALIAH S. Welcome to real estate investing. Multifamily is a great space to play in. If you are not up to speed on commercial real estate in general, I would recommend enhancing your knowledge on basic terms first and then take a deeper dive in Multifamily specifically. 

Welcome to BiggerPockets! Truly nice to meet you. Good luck going forward! 😁 If you are not, watch webinars and podcasts.  Hope for best in DC!