All Forum Posts by: Todd Silvestri

Sorry I missed last night.  I am on my second multi family in Haverhill in a 12 mos.  Happy to connect with like minded folks in the area.  Suggested topics...eviction rules in Mass, experiences with deal financing other than conventional banks, types of insurances needed both property and personal, tools people use to manage their properties, recommendations for good contractors...thanks for reading...

Sorry, Bad info...confused it with a new deal.  On the commercial, its 4.5% 25 year.  Std was 30% down but since the local bank able to put lean on another property for 10%, the loan was at 20%.  Does that make sense?

I went with conventional loan, 25% down, 30 year.  Loving relationship with local bank. 3.5% as an investment property as I won’t be living in it.

Investment Info:

Large multi-family (5+ units) buy & hold investment.

5 unit near downtown

What made you interested in investing in this type of deal?

Multi unit, reduced risk, great location, needed to start

How did you find this deal and how did you negotiate it?

Local agent and long time friend

How did you finance this deal?

Commercial loan, local bank

How did you add value to the deal?

Only small reno