All Forum Posts by: Sandeep Shukla

All,

I am new here and new to commercial real estate investing. I do have a few single-family homes rented out. This will be my first apartment building investment. I could use some advice from experienced investors here what would you do?

I have purchased an apartment building (with 9 units) in an auction deal. Since this is an auction deal I have a hard deadline to close. I have 2 options:

1. Financing: 65% LTV, 7.5% interest rate, 7 years

2. Pay cash and then after 6-9 months do cash out refinance. - in this case, I will have more time to shop around for better loan terms/rates etc. 

Thanks

Sandeep