All Forum Posts by: Sean Fisher

Hello all..I am pursuing a multifamily property and just found out one Tenant has a section 8 voucher only because he told me.  All the leases are month to month. I am new to section 8 so would like to hear some input. Can I raise the rents? The town has no rent control.  Does section 8 require that you use a certain lease or contract? Does seller need to disclose tenants have assistance?

Thankyou 

I would like to hear everyone's input on this loan. I like that it's 30-35yr

Is anyone familiar with the FHA Hud loan that is 30yr term with 30yr amortization

I am looking for companies that submeter water in the New Jersey area. Also what are the average costs? 

I am looking for companies that submeter water in the New Jersey area. Also what are the average costs? 

Exploring options for financing first apartment complex that is 16 units. Looking for long term debt. Does anyone recommend any certain type of loan product? Freddie or fannie mae loan? Anyone have available current rates?

Should I only use net income when determining the value of a apartment complex? The seller had an appraisal done.  After looking over the appraisal they used "reconstructed income approach".  They used potential rents instead of actual rents.  Should I consider any of this while putting in my offer?  I would think not. Will my lender take this in consideration when I go for a loan?

I am interested in buying a 18 unit apartment building and  I am looking for a good commercial lender in the New Jersey Area.  I would also like to hear other investors input on the type of loan I should look into.   I am looking to hold this property for the long haul. Any input would help.