All Forum Posts by: Shawn Dulan

@Tim Morris none yet but it is a good market. Newbie here this eviction moratorium has me cautious and not actively pursuing and stacking more capital.

@Matt Bailey sry. Saw it his name right after I hit send...

@Matt Bailey that’s the second time I’ve heard that bank. Do you you have a contact there? I’m an new investor out of Louisville. Tia

@Akiva May I live in 40220 for the past 3 years. It’s a good neighborhood but there have been some issues with crime, car thefts. Nothing major, I believe there has been a spike in crime because of covid-19 and people, mostly kids, have nothing to do. I’m not sure on cap rates but can I get that from a realtor? Please feel free to reach out if I can help at all. And congratulations in advance

@Odie Ayaga so I am in the process of talking to lenders now to gain a better understanding of what I need and looking for. I still may reach out though. Thank you

@Joseph M'Mwirichia so you're saying start with the refi and work backwards from there based upon 80%LTV? I did most of my analysis based upon 70% LTV and numbers still met metrics. I felt that finding the HML would be the more difficult part. What am I missing?

@Marcus Britton that is a lot of skin. I only have little skin to give. Back to the drawing board

@Odie Ayaga what’s the avg % they are asking down and is it more difficult during these times?

Interested on your responses because I am a beginning investor here in the Louisville market. I have ran several analysis using the BP Calculators and still don't go below$200 per unit in the multifamily and have found several cash flowing properties...

@Marcus Britton thanks for that.

But only looking to have them for a little while and then do cash out refi ARV 75%? Same issues in getting HML? I've had a couple out of town HML reach out on FB. Just seeing your thoughts.