All Forum Posts by: Account Closed

I acquired a 17 bedroom, 10 bathroom closed down alf through foreclosure. Theres three seprate buildings the Main building is 10 bed facility with 10 bedrooms and 6 baths plus office, utility room, kitchen, dining room, den room and storage rooms. The left building is 4 bed, 3 bath independent living facility and the right building is a 3 bed, 1 bath independent living facility. The main building and left building were just remodeled. This has a potential to be a great cash cow with some one with the proper knowledge of what to do with it. I have no clue what to do with it. Any ideas? Its in the tampa bay area.

I acquired a 17 bedroom, 10 bathroom closed down alf through foreclosure. Theres three seprate buildings the Main building is 10 bed facility with 10 bedrooms and 6 baths plus office, utility room, kitchen, dining room, den room and storage rooms. The left building is 4 bed, 3 bath independent living facility and the right building is a 3 bed, 1 bath independent living facility. The main building and left building were just remodeled. This has a potential to be a great cash cow with some one with the proper knowledge of what to do with it. I have no clue what to do with it. Any ideas? Its in the tampa bay area. 

I'm very interested in starting out in multi family after a long career as a landlord. I been looking at the offering medourms for many large apartment deals mostly through CBRE as I'm on there mailing list, I'm trying to understand all the numbers. I know very little about getting them financed. I been seeing there's ways through crowdfunding, syndicators and hard money. If you can get a Fannie Mae loan at around 4% but don't have the down payment what other ways are there to get financing for the down payment? Is it even possible? I also seen how some property's have a assumable loan option but then you still need the down payment. Anyone with experience mind adding there thoughts? Thanks