All Forum Posts by: Tal P.

Hi, I need a surety company to bond a six-figure mechanical lien.
Thanks

@Lien Vuong Not sure about the risk. To buy house that is 120 years old is also quite risky as well. 

@David S. I am already putting 20-25% down. How come I put only 3-10% down?

Hi,

I want to invest in Louisville and I am trying to figure out what would be a reasonable cap rate for B- or C+ area ?

Thanks

Following as well

I have few projects and I'm looking to start using traditional loans rather than hard money.  One the projects is making two-family into 3 family and I'm going to live in the of the units. I bought the house in 1M plus 800k renovation budget.  I spoke with few banks which offered me around 6% and because I am going to live in one of units, I feel like there a way to make the % to be much lower. If someone knows about a way I can set it up, please let me know. Thanks

@Brian Ortins I'm in the process of buying few properties in Gardner and Leominster and I would like to ask you few questions if that alright. 

You can find free parking up to 3 hours in the back part of the building.

399 Revolution Dr, Somerville, MA 02145 

Located in the Partners Healthcare building near the orange line stop station 

Hi,

I got my appraise report for my multi-family house and he mentioned that we have 4 bedrooms in the house. I went to the zoning department and they told me that my house is a 5 bedrooms. I did check for the right definition in the city ordinance:

"2.2.17. Bedroom. A private room for sleeping, however named, planned, intended or used, which is separated and can be closed off from other parts of the dwelling by walls and a door."

By this definition , I do have another bedroom. This bedroom doesn't have a closet but it had a hugh private balcony.

I didn't get my loan because of this technical issue and I am trying to figure out what to do with that. I can ask for another appraisal but it is almost 1k each time they are coming and I'm not sure if the outcome will be different.

Hi @Dan K, 

As far as I know you must add sprinkles in Somerville for any 3 multi family and more. I am going to PM regrading the architect. Thanks